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
  • What It Would Take to Rule Greece's Debt Void - Stratfor
    ... findings June 18, concluding that Greece's ... of it, and the Greek government's deficit grew as ... But perhaps the targets of the report ...
    07/5/2015 - 9:19 am | View Link
  • Rajinikanth rejected 'Drishyam' remake due to two scenes - Chennai Online
    Third Lead) | Greece crisis subdues investor sentiment; Sensex down 420 points | Sensex tanks 530 points over Greece concern | Banks in Greece...
    07/4/2015 - 4:45 am | View Link
  • Greek drama could unleash furies - The Australian
    ... through temporary resort to deficit spending. ... had the pact been more constraining, its targets would have been of no relevance to Greece ...
    07/3/2015 - 1:00 pm | View Link
  • Don’t Rule Out Modi Mini-Stimulus as India Tax Revenues Rise - Washington Post
    Don’t rule out Modi’s mini-stimulus as tax revenues rise -
    07/1/2015 - 12:19 pm | View Link
  • Deciphering Greece's Mixed Messages - Stratfor
    ... with Greece's creditors. Thus, even if Greece and ... and its creditors came closer to agreement on issues such as deficit targets and tax ...
    07/1/2015 - 4:53 am | View Link
  • More
  • Egypt targets EGP 37.8bn in infrastructure investments
    The draft budget, approved by the cabinet on the first day of Ramadan, set the target for the deficit in FY 2015/2016 at 9.9% of ... A senior National Bank of Greece (NBG) official declared the bank's activities in Egypt were unaffected by the ongoing ...
    07/4/2015 - 11:23 pm | View Link
  • How negotiations on Greece were tightly linked to negotiations on securing the euro zone at large — and what it means for the future
    That is to say, Greece had to reduce the size of its public deficit by reducing expenditures and raising ... But as we know now, the bailout conditions didn’t work. Its fiscal targets were wildly over-optimistic for a country dealing with a sharp ...
    07/3/2015 - 8:52 am | View Link
  • Greece: Sharing Sovereignty Is Painful
    After four months, Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis finally accepted the significantly reduced fiscal targets that the European ... of accounts on the part of Greece, yielding a deficit adjustment from 3 percent to ...
    07/3/2015 - 3:02 am | View Link
  • How did Greece get into its debt crisis and what happens next?
    It could no longer borrow on international markets after it became known that the country had been understating its deficit for years ... The two sides have made progress on fiscal targets, with Greece agreeing to a gradual increase in its primary budget ...
    06/30/2015 - 9:00 pm | View Link
  • Greece Debt Crisis Spooks Markets
    He spoke of a new package offering Greece lower fiscal targets and gives it more time to meet other ... Shrinking economy brought with itself other issues including rising unemployment, fiscal deficit and public debt. Lenders to the beleaguered nation ...
    06/29/2015 - 1:44 pm | 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
    07/5/2015 - 10:58 am | 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 ...
    07/4/2015 - 2:41 pm | View Website
  • Greece Economy 2015, CIA World Factbook
    Page last updated on June 22, 2014 Economy - overview: Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita ...
    07/4/2015 - 6:55 am | View Website
  • EU urges Greece to match 'major' creditor concessions ...
    The European Commission, the EU executive, also said Greece has agreed to budget targets for 2015, but then asked "how credible the commitments are" to ...
    06/14/2015 - 8:34 pm | View Website
  • Is India close to achieving its fiscal deficit target ...
    The fiscal deficit for 2015-16 may eventually come down to the targeted level of 3.9 per cent of GDP. | Is India close to achieving its fiscal deficit target?
    05/27/2015 - 10:54 am | 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