Greek 2013 budget sees sixth year of recession: source | Reuters

Greek 2013 budget sees sixth year of recession: source
| Reuters


The government will unveil a tough austerity budget later on Monday, after Finance Minister Yiannis Stournaras meets the troika of International Monetary Fund, European Commission and European Central Bank inspectors for any last-minute tweaks.
Government officials told Reuters Greece will aim for a primary surplus before debt service of 1.1 percent of GDP next year, from a 1.5 percent deficit in 2012, the first positive balance since 2002. But the economy will continue to shrink for the sixth year in 2013 by 3.8 to 4 percent.

If that's a recession, I would hate to see what their depression is.