Greek fiscal deficit is much higher than the EU estimates published

The European Union said Greece's fiscal deficit and debt level last year than previously estimated to be much higher.

Last May, the European Union and the International Monetary Fund plan worth 146 billion U.S. dollars a rescue package of Greece to help the country to repay huge debts.

In return conditions, the Greek government was forced to take cuts in spending and tax increases of tough measures, leading the general strike and social unrest.

At that time the Greek government has been exposed for using a false account of the ways to hide their true scale of the economic crisis.

Monday, re-modified by the European Bureau of Statistics figures show that Greece's budget deficit last year, up 15.4% of GDP, far higher than estimated last year to 13.6% in April.

Greece's debt now accounts for almost 127% GDP, the huge debt that makes the Greek Government may be unable to achieve deficit reduction targets.

In announcing the Greek deficit worse than expected, while the Irish government debt has also been pressure for euro membership, asking it to accept the EU and the International Monetary Fund bailout.

However, due to save the banks are facing billions of dollars in debt while the Irish government has insisted that he did not ask for financial assistance