Greece looks like they’ve made good strides in narrowing their deficit, if there numbers are to be believed, a big if, to be sure.
The deficit contracted 41.8% y/y to 6.2 bln euros in the January to April period, according to the finance ministry.
Also on the wires, French president Sarkozy says his government is not adopting an austerity policy.
Austerity must be for the persons petite…