Greece doubles 2000 public defict to 4.1%

The Greek government acknowledged on Wednesday 23 September that the country's annual public deficit estimates from 2000 to 2002 had been sharply underestimated, a revelation described by the European Central Bank head as "an enormous problem".

Economy Minister George Alogoskufis told parliament that the shortfall came to 4.1 percent of output in 2000 rather than the two percent announced at the time.

While the deficits in 2001 and 2002 were put at 1.4 percent in the two years, they in fact ha

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