Eurostat says Greece's budget shortfall widened in 2010

By @ibtimes on

Eurostat announced in a statement today that 2010's debt to GDP ratio reached 10.5% in Greece relative to 2009 rate of 15.4%, where the Greek government is looking forward to lowering the shortfall to 7.4% of GDP amid growing speculations that the Greek government will have to restructure debt.

Moreover, the Eurostat report showed that the 16-nation region's debt gap reached 85.1% of GDP in 2010 from 79.3% a year before, affected by Greece's widened debt to 142.8% of GDP.

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