Greece will receive bailout funds despite missing target, say analysts
Greece is expected to receive a cash injection worth €8 billion ($11 billion) from the Troika despite failing to meet its fiscal deficit target for 2011, analysts have said.
On Monday, Greece's finance ministry said it expected the country to fall short of its 7.6% deficit to gross domestic product (GDP) target for 2011 – set by the Troika as a condition to its €109 billion bailout agreement on July 21. The Greek finance ministry forecast the deficit to fall to 8.5% of GDP this year. It also
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