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.

ASK NEWS:
  • Opening Bell 2 March | Markets to reflect closer reading of Budget ... - BusinessWeek
    ... the target of limiting the fiscal deficit to 3 ... as investors' concerns shifted from Greece to ... incentives to banks for meeting targets, ...
    03/2/2015 - 3:12 pm | View Link
  • Preliminary Results - London Stock Exchange
    ... s profit before tax achieving agreed targets in ... scheme liabilities (331.3) (291.3) Deficit in ... sales into countries such as Greece, ...
    03/2/2015 - 6:32 am | View Link
  • Five-step plan for restoring growth to Europe - Japan Times
    ... and doubled again in countries like Greece and ... Reform that targets social spending at true need ... (5) A severe governance deficit.
    03/2/2015 - 5:09 am | View Link
  • [Michael J. Boskin] A five-step plan for European prosperity - Korea Herald
    ... and doubled again in countries like Greece and ... Reform that targets social spending at true need ... Finally, Europe faces a severe ...
    03/1/2015 - 8:22 am | View Link
  • Greece has done the rest of Europe a favor - Seattle Times
    ... surplus Greece is forced to run. For Greece to ... Commission has decided not to fine France and Italy for exceeding their deficit targets.
    02/28/2015 - 1:56 pm | View Link
  • More
BING NEWS:
  • What Greece won: Paul Krugman
    Notably, the European Commission has decided not to fine France and Italy for exceeding their deficit targets. Levying these fines would have been insane given market realities; France can borrow for five years at an interest rate of 0.002 percent ...
    02/27/2015 - 9:35 am | View Link
  • France to be link between Greece and euro zone, says Michel Sapin: Report
    The French government promised on Thursday to eke out new savings to show the European Commission it could hit its deficit-cutting targets, a day after the EU executive gave it a guarded reprieve on broken fiscal promises. Sapin stressed that everyone had ...
    02/25/2015 - 10:35 pm | View Link
  • Brussels, Greece come up with deal; stave off crisis in the Euro Zone for four months
    It has also gained some leeway on its tough fiscal deficit targets, and hints about some arcane complicated way that might mitigate its existed overall debt. Late Tuesday, Brussels and Greece agreed on the set of proposals Greece submitted. Now that ...
    02/25/2015 - 11:56 am | View Link
  • How to look at the Greece bailout deal
    Moreover, despite what the Germans were saying about deficit targets, given what we have seen in Spain, France and elsewhere in previous negotiations and given what occurred a decade ago with deficit breaches in France and Germany, it was always likely ...
    02/21/2015 - 1:50 am | 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 - 10:24 am | View Link
  • More
BING SEARCH:
  • 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 ...
    03/2/2015 - 10:31 am | View Website
  • 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
    03/1/2015 - 5:42 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 ...
    02/28/2015 - 6:52 am | View Website
  • Greece
    Greece, officially the Hellenic Republic (Ελληνική Δημοκρατία [eliniˈci ðimokraˈti.a] Ellīnikī́ Dīmokratía) and known since ancient times as ...
    02/28/2015 - 2:34 am | View Website
  • Eyeing Greece polls, Fed meet; count on banks, IT: Experts
    Eyeing Greece polls, Fed meet; count on banks, IT: Experts. UR Bhat says the 4.2 percent fiscal deficit target is difficult to achieve but if government continues ...
    01/17/2015 - 10:41 am | View Website
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