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The fresh budget shortage at the end of August 2011 attained from the 2% from GDP, and you may financial regulators looked dedicated to staying they within the estimated target of 2.5% from GDP by the end of the year. And 220 million euros (approx. $298 million) taken of an enthusiastic IMF Preventive Line of credit (PCL) inside March, financing generally originated from home-based borrowing. (more…)