Yer reckon….

  • Estimates growth at 0.4% in 2012, 1.0% in 2013
  • 6-10 bln euros in new deficit-cutting measures needed for 2012 due to slowing growth. Deficit target is 4.5% of GDP in 2012
  • 33 bln euros deficit cutting measures needed in 2013 to hit 3% deficit target