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| READ THE ORIGINAL POST AT news.yahoo.com |
How the world sees Greece
Showing posts with label fiscal policy. Show all posts
Showing posts with label fiscal policy. Show all posts
Friday, September 14, 2012
Spain's government debt hits 75.9 pct of its GDP
Greece may get more time to meet commitments
Arriving for the start of two days of discussions between Europe's finance ministers in the Cypriot capital, De Jager said Greece does not have much flexibility as it tries to get more time to achieve its budget cuts and reform measures required by its rescue lenders.
Debt-crippled Greece has depended since May 2010 on international rescue loans, granted by its European partners and the International Monetary Fund, in return for a deeply unpopular austerity program.
Greek Prime Minister Antonis Samaras, who is currently struggling to get an agreement on an €11.5 billion ($14.7 billion) package of spending cuts for the coming two years with the two leaders of his coalition government, says no new money will be needed, arguing that Greece could raise more short-term money in the markets and rework its current spending plans.
Debt-crippled Greece has depended since May 2010 on international rescue loans, granted by its European partners and the International Monetary Fund, in return for a deeply unpopular austerity program.
Greek Prime Minister Antonis Samaras, who is currently struggling to get an agreement on an €11.5 billion ($14.7 billion) package of spending cuts for the coming two years with the two leaders of his coalition government, says no new money will be needed, arguing that Greece could raise more short-term money in the markets and rework its current spending plans.
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| READ THE ORIGINAL POST AT www.sfgate.com |
Wednesday, September 12, 2012
Greece faces more strikes, no austerity deal yet
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| READ THE ORIGINAL POST AT news.yahoo.com |
Dutch vote could affect how EU tackles debt crisis
The Netherlands is a founding member of the European Union and this trading nation has long been a staunch supporter of the bloc's open market, but many Dutch voters have begun questioning their role in the EU since the debt crisis erupted, feeling that their wealthy nation is paying too high a price to help bail out countries like Greece and Portugal.
The Dutch proportional representation system and splintered political landscape guarantee a coalition government and whichever party wins the most seats in the 150-seat Dutch House of Representatives will take the lead in choosing the parties to make up the next ruling coalition.
Rutte says the Netherlands faces a fundamental choice: the left's solution of spending on job-creation programs while government debt rises, or the austerity approach he has pursued with Merkel — bringing down the budget deficit while investing in roads and education to stimulate the economy.
The Dutch proportional representation system and splintered political landscape guarantee a coalition government and whichever party wins the most seats in the 150-seat Dutch House of Representatives will take the lead in choosing the parties to make up the next ruling coalition.
Rutte says the Netherlands faces a fundamental choice: the left's solution of spending on job-creation programs while government debt rises, or the austerity approach he has pursued with Merkel — bringing down the budget deficit while investing in roads and education to stimulate the economy.
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| READ THE ORIGINAL POST AT www.sfgate.com |
Monday, September 10, 2012
Greek university professors on strike to protest pay cuts under new austerity ...
 AFP | Greek university professors on strike to protest pay cuts under new austerity ... Washington Post ATHENS, Greece — Greek university professors have joined a string of protests against pay cuts included in a new austerity program being finalized by Athens. Striking academics say the €11.5 billion ($14.6 billion) cuts for 2013-14 that Greece needs ... Greek Party Chiefs to Meet on Budget Cuts, No Decision Reached Greek gov't fails to agree on spending cuts Inspectors Reject Parts of Greek Austerity Plan |
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| READ THE ORIGINAL POST AT www.washingtonpost.com |
Inspectors Reject Some Cuts By Greece
Visiting international inspectors on Sunday rejected parts of Greece's proposed austerity plan, forcing the country's coalition government to seek fresh spending cuts to meet creditors' demands.
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| READ THE ORIGINAL POST AT online.wsj.com |
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