EU Cuts Greek Outlook as Officials Press Case on Bailout
This article is for subscribers only.
The European Commission said that the impasse over Greece’s fiscal crisis is strangling the economy, a forecast that will make it harder to meet bailout goals as talks to ease its liquidity squeeze drag on.
In its spring forecasts, published in Brussels on Tuesday, the commission sees the Greek economy growing just 0.5 percent this year, down from 2.5 percent in February. The projections come as Greek officials fan out to press their case to European policy makers on a deal on the country’s failing finances.