Page last updated at 15:58 GMT, Thursday, 22 April 2010 16:58 UK

New figures grim reading for Greece


Greece had a far larger budget deficit than expected last year and the figures may yet get worse, according to the European Union's statistics office.

New data from Greece shows a gap of 13.6% of gross domestic product (GDP), not the 12.7% first reported.

Eurostat, which was given new data by Greece, said doubts over the figures meant they could be revised again.

The news hit the euro and stock markets, amid new worries that Greece might default on its debts.

Russell Padmore reports.


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