Deputy Prime Minister Venizelos of Greece 2, said the Greek economy may decline 5 percent this year, but the situation will improve in 2012.

Venizelos said in a reporter conference, this year's economic downturn than expected in Greece may be forced to adjust the deficit reduction targets.

For Greece and the European Union and the International Monetary Fund austerity measures in the implementation of the report there are differences, Venizelos said that Greece and the EU and IMF officials on the day interrupt the discussion of the implementation of austerity measures is planned for things, the two sides will resume negotiations on September 14.

Venizelos that Greece do not need to take a new economic austerity measures, he said, as long as the existing measures can be effectively implemented, Greece will be able to get rid of the debt crisis of the target.


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