New York Times (blog) | Contraction Shows Signs of Slowing for Greece New York Times (blog) The Greek economy posted its 20th consecutive quarterly decline in the three months through June, government data showed on Monday, but a slower pace of contraction provided a glimmer of hope for beleaguered Greeks. Greece will need more bailout loans by 2014, Bundesbank believes Improving Economic Data In Greece Masks Dark Clouds On The Horizon Greece recession eases but not enough to boost tax revenue |