John Ward – Greece Breaking : Athens Caretaker Government Forced To Raid Recapitalisation Budget To Keep Going – 25 May 2012

The Slog has learned that Greece’s Accounting Office produced an internal briefing paper this week warning that tax revenues are likely to miss hoped-for targets by some €1.35 billion. While some of what follows has been reported in the newspaper Kathimerini, the real rate of decline in tax receipts has been understated.

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