Economy

Economic crisis: Dr Brussels reads Greek patient riot act

1 December 2009
Presseurop
Eleftherotypia

Eleftherotypia, 1 December 2009

Brussels is worried about the deficits of Greece’s health insurance and pensions systems as well as the general state of the economy. Eleftherotypia quotes experts as saying that reforms will have to be introduced immediately and the Greek Minister for Social Cohesion told the newspaper during his visit to Brussels that “if we don’t act promptly and efficiently, the health insurance deficit will soon reach 4 billion euros.” On 1st December, the Finance Minister will speak to the Commission and ask them to grant Greece more time to comply with the criteria of the stability pact. The deficit has grown from 6% to 12.7% of GDP in the space of a month. The situation is so serious that even the American ambassador to Athens has seen fit to pass on his advice to the Greek Prime Minister and demand that the authorities get a grip of things fast and “bring things under control”.