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Tuesday, November 16, 2010

Meanwhile in Austria

“It is now becoming clear, that the Greeks cannot sufficiently keep to their plans for revenue, i.e. what comes in from taxes. Therefore, I speak very critically with regards to granting the next instalment in December...From the Austrian point of view, there is no reason to release the contribution in December with the [Greek] numbers as they are at present.”

- Josef Proell, Austria’s Finance Minister, says his country could choose to withhold its contribution to Greece, worth around €190m in December.

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