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Friday, September 28, 2012

Spain, Greece outline new budget cuts, tax hikes

The latest round of belt-tightening comes as economies across Europe get weaker and public resentment toward austerity grows stronger



READ THE ORIGINAL POST AT www.cbsnews.com

Spain and Greece launch austerity plans to convince investors and authorities


The Associated Press

Spain and Greece launch austerity plans to convince investors and authorities
Washington Post
MADRID — Spain and Greece outlined plans Thursday to reduce government spending and raise taxes to convince international lenders and financial markets they are on track to cut their deficits. The latest round of belt-tightening comes as economies ...
Spain, Greece launch austerity plans to secure aidThe Associated Press

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READ THE ORIGINAL POST AT www.washingtonpost.com

Greece Agrees on New Package of Budget Cuts and Taxes


Voice of America

Greece Agrees on New Package of Budget Cuts and Taxes
New York Times
Published: September 27, 2012. ATHENS — After weeks of wrangling, Greece's coalition government said it had reached a basic agreement on Thursday over highly unpopular new austerity measures that could set off a new round of social unrest.
Greece, Spain Seek More AusterityVoice of America
Special Report: Greece's other debt problemChicago Tribune
Greece's Coalition Leaders Agree on Bulk of Budget PackageBusinessweek

all 1,603 news articles »

READ THE ORIGINAL POST AT www.nytimes.com

Greece may seek Spanish-style rescue of banks as part of debt crisis solution


Greece could return cap-in-hand to its European partners for a Spanish-style rescue of its ailing banking sector despite receiving billions of euros in bailout loans.



READ THE ORIGINAL POST AT www.independent.co.uk

Greece Reports Progress on Austerity Package

An agreement with “some outstanding issues” will form the basis for the resumption of negotiations with Greece’s international lenders on Monday.

READ THE ORIGINAL POST AT www.nytimes.com

Special Report: Greece's other debt problem


Irish Independent

Special Report: Greece's other debt problem
Chicago Tribune
Athens (Reuters) - The two main political parties in Greece are facing their own financial crisis. New Democracy and Pasok, the key members of the country's coalition government, are close to being overwhelmed by debts of more than 200 million euros ...
Greece's Coalition Leaders Agree on Bulk of Budget PackageBusinessweek
Greece's coalition leaders reach agreement on austerityBellingham Herald
Surprise! Greece's Ruling Poilitical Parties Have a Combined $300 Million DebtNew York Observer

all 1,507 news articles »

READ THE ORIGINAL POST AT www.chicagotribune.com

Greece Agrees on New Austerity Package

The Greek government must now present its proposal — $15 billion in cuts and $2.6 billion in new taxes — to foreign leaders for their approval.


READ THE ORIGINAL POST AT www.nytimes.com