Greece budget deficit worse than thought

Greece's budget deficit for 2010 has been revised up to 10.5% of its annual economic output.

The figure is even worse than a previous estimate of 9.6%, and far above the 8% target agreed by Athens as part of the country's financial rescue.

The data comes as Eurostat unveils official debt statistics for the EU.

The European statistical agency also raised the UK's deficits for the past four years and questioned how military spending had been accounted for.

Source: BBC News