Greece's State Budget Gap Narrows Despite Recession Wall Street Journal ATHENS—Greece's state budget deficit narrowed sharply in the first nine months of 2012 beating targets set by the country's creditors, but the fiscal improvement comes at a high price as the country's five-year recession sends jobless numbers to a ... |
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Thursday, October 11, 2012
Greece's State Budget Gap Narrows Despite Recession
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Greece's State Budget Gap Narrows Sharply
Greece's state budget deficit narrowed sharply in the first nine months of 2012, beating targets set by the country's creditors despite revenue collection falling short of expectations due to the recession and strike by tax collectors.
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Greek banks' ECB funding slightly down in Sept
![]() Kathimerini | Greek banks' ECB funding slightly down in Sept Reuters ATHENS Oct 11 (Reuters) - ECB funding to Greek banks slipped by 0.6 billion euros in September from a month earlier while emergency liquidity assistance from the Greek central bank eased by 0.19 billion, Bank of Greece data showed on Thursday. Greek bonds double as bets on euro exit decline |
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Greece's biggest firm leaves, jobless rate soars
![]() Irish Times | Greece's biggest firm leaves, jobless rate soars Reuters German economic experts urge new debt restructuring. * Greece's biggest company, bottler CCH, quits for Switzerland. * IMF backs giving Athens two more years to meet debt target. By Harry Papachristou and Matt Robinson. ATHENS, Oct 11 (Reuters) ... Greece's Unemployment Reaches More Than Quarter of Workforce Greece Unemployment Rises Above 25 Percent Greece unemployment hits a record 25% in July |
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IMF Advises Europe To Give Spain, Greece More Time To Reduce Debt
![]() Business Recorder | IMF Advises Europe To Give Spain, Greece More Time To Reduce Debt Huffington Post By Gernot Heller and Tomasz Janowski TOKYO, Oct 11 (Reuters) - The IMF on Thursday backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good. FOREX-Euro edges higher vs dollar; Spain, Greece in focus Greece Still Taking its Toll on Euro Germany's Schaueble: No OSI For Greece, Waiting For Troika |
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Greece unemployment hits record
Unemployment in Greece hit a record 25% in July, government figures show, with youth unemployment reaching more than 54%.
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Slim German majority favors Greece in euro: poll
A fresh poll has shown that more Germans want Greece to stay in the eurozone than want it to leave. The results of the survey by a public broadcaster indicate a change in sentiment despite Athens' ongoing dilemma.
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