Greece To Miss Deficit Targets Despite Austerity

Greece to miss deficit targets despite austerity

ATHENS (Reuters) - Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

  • US home sales rebound slightly in FebruaryUS home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tourObama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn'tUS home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • How Gilded Ages End - American Prospect
    ... domination in a wide range of societies from ancient Greece and Rome to the ... the gold standard and “hard money” were the targets of ...
    05/4/2015 - 1:24 pm | View Link
  • Chamomile Tea Tied to Lower Thyroid Cancer Risk - Mercola
    ... your health, but among people in Greece, many ... affect a large number of cellular targets with ... some symptoms of attention-deficit ...
    05/3/2015 - 2:03 pm | View Link
  • Greece Targets May Agreement as Breakthrough Remains Elusive - Washington Post
    Greece Aid Talks Gain Urgency as Breakthrough Remains Elusive -
    05/3/2015 - 5:12 am | View Link
  • The BBC's dumb public: a view from Greece - Open Democracy
    ... by the last government’s spectacular failure to meet its own debt and deficit targets. ... or, which I particularly enjoyed, to Greece . The ...
    05/1/2015 - 6:06 am | View Link
  • Optimism is growing for a deal with Greece - Irish Times
    Greece: Yanis Varoufakis hugs protester at May Day demo in Athens -
    04/30/2015 - 8:20 am | View Link
  • More
  • Update on the latest business
    Worries persist that Greece might miss looming IMF repayments if it fails to receive bailout payments from creditors demanding it outline reforms and promise to meet cost-cutting targets ... but returns to deficit in April TOKYO (AP) — Japan’s trade ...
    05/25/2015 - 8:32 pm | View Link
  • Greece returns to rescue talks with Varoufakis blaming creditors
    Greece is still “quite a long way” from the credible measures required to transform its “substantial budget deficit” into a surplus, Blanchard said. With assistance from Marcus Bensasson and Eleni Chrepa in Athens. This article was written by Nikos ...
    05/25/2015 - 8:30 pm | View Link
  • Greece Returns to Talks With Varoufakis Blaming Creditors
    The two sides are still trying to bridge their differences on pensions, sales tax, budget targets ... servants.” Greece is still “quite a long way” from the credible measures required to transform its “substantial budget deficit” into a surplus ...
    05/24/2015 - 1:00 pm | View Link
  • Greece banks face crippling funds outflow, Moody’s warns
    Greece is considering introducing a financial transaction tax to help to raise revenue to meet deficit reduction targets as part of cash-for-reforms proposals, Mr Varoufakis revealed. Greek newspapers reported that Athens had proposed a levy of 0.1 per ...
    05/21/2015 - 3:16 am | View Link
  • EU faults Britain over deficit targets
    The EU said Wednesday that Britain had failed to meet budget deficit targets and would have to remain under Brussels ... Croatia, Cyprus, France, Greece, Ireland, Portugal, Slovenia and Spain are currently on the EU's EDP list alongside Britain.
    05/13/2015 - 3:28 am | View Link
  • More
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    05/25/2015 - 1:19 pm | View Website
  • Greece
    Profile. Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone ...
    05/25/2015 - 2:14 am | View Website
  • Economy of Greece
    After fourteen consecutive years of economic growth, Greece went into recession in 2008. By the end of 2009, the Greek economy faced the highest budget deficit and ...
    05/24/2015 - 12:06 am | View Website
  • Greece
    Greece, officially the Hellenic Republic and known since ancient times as Hellas (Greek: Ελλάς), is a country located in southeastern Europe. According to the ...
    05/23/2015 - 4:18 am | View Website
  • IMF takes hard line on aid as Greek surplus turns to ...
    The forecast of a rising Greek deficit after achieving a 1.7 per cent surplus last year — and overly optimistic projections of similar surpluses into the future ...
    05/4/2015 - 1:37 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News