Venizelos tables deal to plug hole

Finance Minister Evangelos Venizelos announced on Monday that he would propose to Parliament?s competent committee certain adjustments to the midterm fiscal plan aimed at covering the loss of 600 million euros from the withdrawal of the receipt returns measure.

The deal with Greece?s creditors to plug that hole provides for «300 million euros from a more optimistic as well as realistic assessment of 2011 public revenues on the basis of the new measures announced and included in the plan, as well as 300 million from cuts in expenditure,» the ministry statement suggested, without becoming any more specific.

“The essential adjustment of the charts was conducted and we reached an agreement with the troika,» the Venizelos statement read, adding that «in essence nothing has changed in regard to the political content of the debate in Parliament.”

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