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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
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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 aid |
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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 Austerity Special Report: Greece's other debt problem Greece's Coalition Leaders Agree on Bulk of Budget Package |
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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.
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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.
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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 Package Greece's coalition leaders reach agreement on austerity Surprise! Greece's Ruling Poilitical Parties Have a Combined $300 Million Debt |
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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.

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