| Year | Inflation rate (consumer prices) | Rank | Percent Change | Date of Information |
|---|---|---|---|---|
| 2003 | 1.30 % | 182 | 2002 est. | |
| 2004 | 1.10 % | 188 | -15.38 % | 2003 est. |
| 2005 | 1.60 % | 43 | 45.45 % | 2004 est. |
| 2006 | 2.00 % | 48 | 25.00 % | 2005 est. |
| 2007 | 1.70 % | 34 | -15.00 % | 2006 est. |
| 2008 | 2.30 % | 55 | 35.29 % | 2007 est. |
| 2009 | 2.70 % | 31 | 17.39 % | 2008 est. |
Source:
http://www.europeanvoice.com/article/ministers-to-approve-greek-rescue-plan/67040.aspx
Plan was drawn up by the Greek government, with help from the European Commission.
The finance ministers of the European Union’s member states are to approve on 16 February a structural reform plan for Greece’s public finances.
The plan was drawn up by the Greek government, with help from the European Commission, which gave it official endorsement yesterday (3 February).
Joaquín Almunia, the European commissioner for economic and monetary affairs, said yesterday: “The Commission will monitor the execution of the budget and of the reforms very closely and regularly.”
The plan is intended to bring the country’s budget deficit below 3% of gross domestic product (GDP) by 2012. It includes increases in excise duties, a crackdown against tax evasion, a pay freeze for civil servants, job-cuts in the public sector, as well as healthcare and pensions reforms.
Below is a chart that indicates the bank rates for them to lend to each other. In times of high risk, these rates can jump as high as 4-6%. Currently, they are very low at 0.248%.
