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.

RELATED ARTICLES
  • 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
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
ASK NEWS:
  • The history of Scotland is very rich when it comes to money or the ... - Pravda
    ... out the budget by 2019. However, the deficit in ... where Scotland would play the role of Greece. ... Republic quickly determined inflation ...
    09/19/2014 - 6:35 am | View Link
  • This could plunge us into a new depression - Adelaide Now
    This could plunge us into a new depression - Daily Telegraph Australia
    09/18/2014 - 8:37 am | View Link
  • Why deflation is so terrifying for Europe - Los Angeles Daily News
    Why deflation is so terrifying for Europe - GlobalPost
    09/17/2014 - 7:30 am | View Link
  • 100 Days of Sisi: Egypt Economic Recovery Kicks Off but Human Rights ... - Yahoo! Singapore
    ... would trim the country's budget deficit by 2.5 ... market share to the likes of Morocco and Greece. ... the Muslim Brotherhood are primary ...
    09/15/2014 - 11:58 am | View Link
  • EU's Moscovici calls France's missed deficit targets a 'serious ... - Reuters
    EU's Moscovici calls France's missed deficit targets a 'serious ... - Yahoo! News
    09/13/2014 - 8:49 am | View Link
  • More
YAHOO NEWS:
  • Why Europe is terrified of deflation
    Leaders fear declining prices could lead to economic hard times unseen since the formation of the European Union
    09/20/2014 - 2:15 pm | View Link
  • Oh, no, Scotland said 'no'
    Scotland, apparently, will not be independent. Exit polls show that Scotland said no. One has to admit that from the economic point of view, Scotland was not ready to secede from the UK.
    09/19/2014 - 6:22 am | View Link
  • Why deflation is so terrifying for Europe
    LISBON — From Putin's hordes massing over the eastern borders of Ukraine to the army of home-grown Islamic State fanatics threatening a murderous return from the Middle East, Europe has a lot be frightened of right now. read more
    09/17/2014 - 12:47 am | View Link
  • Fiscal indiscipline stalls ECO
    The effort to reach a common currency for West African states will remain elusive if governments continue to bask in fiscal indiscipline and fail to adhere to the dictates of any roadmap agreed upon.
    09/15/2014 - 4:38 am | View Link
  • Fitch Affirms Macedonia at 'BB+'; Outlook Stable
    LONDON, September 05 Fitch Ratings has affirmed Macedonia's Long-term foreign and local currency Issuer Default Ratings at 'BB+' with Stable Outlooks. The issue ratings on senior unsecured foreign currency ...
    09/5/2014 - 4:12 pm | View Link
  • More
BING NEWS:
  • Greece beats deficit reduction targets
    ATHENS, Greece Greece is beating its budget targets by a wide margin so far this year ... That is a far better result than its target of a 3.1 billion euro ($4.2 billion) deficit, and marks the first time the government has logged a significant primary ...
    08/11/2013 - 8:47 pm | View Link
  • Deficit targets being cut by Greece
    A revised mid-term strategy paper submitted to Parliament foresees the budget deficit shrinking to 7.9 billion euro (£6.7 billion), or 4.3% of the country's annual gross domestic product (GDP) this year. That beats the budget target of 5.2% and the ...
    02/7/2013 - 11:58 pm | View Link
  • Shares fall as Greece says it will miss deficit targets
    Stock markets have fallen on news that Greece is likely to miss targets to cut its deficit. Athens announced that the 2011 deficit was projected to be 8.5% of GDP, down from 10.5% in 2010 but short of the 7.6% target set by the EU and IMF. The government ...
    10/3/2011 - 3:02 am | View Link
  • World markets hold steady despite growing fears Greece will miss swingeing deficit targets
    Fears are growing that Greece will miss its deficit targets despite plans to axe 30,000 civil service jobs by the end of the year. The Greek cabinet today finalised details of drastic cuts aimed at saving £6.9billion so it can receive the final ...
    10/2/2011 - 9:45 pm | View Link
  • Greece to miss deficit, GDP targets for 2011-2012
    ATHENS - Greece won't meet 2011-2012 deficit targets imposed by international lenders as part of the country's bailout, the Finance Ministry said Sunday. The country's deficit this year is expected to reach 8.5 per cent of gross domestic product, or C18.69 ...
    10/2/2011 - 2:38 pm | View Link
  • More
BING SEARCH:
  • 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 ...
    09/22/2014 - 8:12 pm | View Website
  • Greece Economy 2014, CIA World Factbook
    Page last updated on January 31, 2014 Economy - overview: Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita ...
    09/22/2014 - 7:36 pm | View Website
  • Greece
    Greece, officially the Hellenic Republic (Ελληνική Δημοκρατία [eliniˈci ðimokraˈti.a] Ellīnikī́ Dīmokratía) and known since ancient times as ...
    09/21/2014 - 10:36 pm | View Website
  • Economics Essays: Problem With Greece Economy
    World Oil Prices said... The Greece government had done much to trim down its expenditure and increase its revenues so that the budget deficit could be reduced to a ...
    09/21/2014 - 6:18 pm | 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 ...
    09/21/2014 - 4:09 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