Greek deficit to reach 9% of GDP
New Greek Prime Minister Lucas Papademos says the country's budget deficit will reach 9% of gross domestic product this year, higher than earlier targets.
Papademos was sworn in last week to head a 15-week coalition government backed by the outgoing Socialists and rival conservatives, created to secure the approval of a new massive bailout worth €130bn from other eurozone countries and the International Monetary Fund.
