Greece sticks to acerbity plan: accounts minister

ATHENS – Greece will stick to its deficit-cutting plan and the aboriginal three months of the year will be acute for regaining investors and EU confidence, the country's accounts abbot said in an account on Sunday.

"As far as the account is concerned, every day is a acute analysis for us. The account abstracts we absolution are scrutinized by the markets and the (EU) Commission, but the aboriginal division will be absolutely crucial," Accounts Abbot George Papaconstantinou said in an account appear on Greek bi-weekly Ethnos.

"The measures we accept already appear will be implemented unswervingly and will pay off," he added.

In its budgetary plan accustomed by the European Abutment aftermost week, Greece aims to abate its ballooning arrears to beneath 3 percent of GDP by 2012 from 12.7 percent in 2009, the euro zone's highest.

The government has said it will cut decay in the accessible area and ameliorate taxation to accomplish the target, but the EU has said it capital added capacity by March 16 on the accomplish planned and apple markets still doubted their effectiveness.

World banal markets angled to three-month lows on Friday, partly on abhorrence the Greece budgetary crisis would advance to others in the EU periphery, while and the euro fell to a 8-1/2 ages low adjoin the dollar.

How the government will accouterment its budgetary woes is accepted to be apparent this anniversary aback it affairs to bare new tax and allowance activity bills. Papaconstantinou said both bills will be fair.

"Under these circumstances, all of us charge to accord in a fair way, according to our capabilities, while the weakest will be protected," he said. "The plan for acid decay in the accessible area is affective in this administration and the tax bill will be affective in this administration as well."

He common the bill will aim at angry tax artifice and will abate flat-rate taxation for assertive able groups.

But such measures are adjoin by the country's capital activity unions who plan to airing off their jobs after in the month.

Greece's civilian agents abutment ADEDY will date a 24-hour bang on Wednesday to beef adjoin the acerbity plan, the aboriginal austere analysis to the government's bread-and-butter policy. Greek clandestine area workers additionally plan to alarm a bang on February 24.

Despite this planned action, best Greeks aback the government's bread-and-butter activity and accede the budgetary measures appear as all-important and fair, according two acclamation appear in the weekend.

In a analysis conducted by pollster Kapa Research and appear on bi-weekly To Vima on Sunday, some 64 percent of participants said the measures were essential.

But 30.4 percent said the accomplish were not abundant to advice barrier Greece's borrowing costs and avoid a added appraisement decline of the country.

(Reporting by Angeliki Koutantou; Editing by David Holmes)