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
  • US 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 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'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
BING NEWS:
  • The IMF Is Not Done Destroying Greece Yet
    You could perhaps demand that the country goes for a 0% deficit, though even that is far from ideal ... s fiscal performance last year has exceeded even the most ambitious targets, as the primary budget surplus as defined by the Greek bailout program ...
    04/25/2017 - 3:20 am | View Link
  • Greece reports first government surplus since 1995
    READ MORE Greece posts deficit of 198m euros in October In 2015 ... excluding debt service, exceeding one of the targets set by its international creditors. According to the figures by the Hellenic Statistical Authority, the so-called primary surplus ...
    04/24/2017 - 12:06 am | View Link
  • Greece Blows Away EU-IMF Bailout Targets With Strong Budget Performance
    "Therefore, the targets set under the bailout program for 2017 and 2018 ... including debt repayments reached 0.7 percent of GDP compared with a 5.9 percent deficit in 2015. Analysts attributed the outperformance to the implementation of bailout measures ...
    04/21/2017 - 1:45 pm | View Link
  • Greece beats a key bailout target but faces hard choices
    Greek government deficit forecasts are more realistic than those of the International Monetary Fund. The IMF and Greece's eurozone bailout creditors also remain at odds over surplus targets and the extent of debt relief promised to Athens. Athens faces a ...
    04/21/2017 - 8:12 am | View Link
  • Greece Breezes Past EU-IMF Bailout Targets with Strong Budget Performance
    The IMF, which has reservations on whether Greece can meet high primary surplus targets, has yet to decide if it will fund ... product last year versus a downwardly revised 2.3 percent deficit in 2015. This was calculated under European System of Accounts ...
    04/21/2017 - 4:54 am | View Link
  • More
BING SEARCH:
  • Greece
    The names for the nation of Greece and the Greek people differ from the names used in other languages, locations and cultures. Although the Greeks call the country ...
    04/23/2017 - 5:43 am | View Website
  • Greece
    The list of nations around the globe that have collapsing economies just continues to grow. In recent weeks I have written about the ongoing saga in Greece, the stock ...
    04/23/2017 - 2:44 am | View Website
  • Deficit shrinks by $1 trillion in Obama era | MSNBC
    Obama's record on deficit reduction is practically a miracle -- but it's one most Americans have never heard about.
    04/23/2017 - 2:22 am | View Website
  • Bank of Greece
    Press Releases - Announcements: 21/04/2017 - Developments in the balance of travel services: February 2017: 20/04/2017 - Balance of Payments: February 2017
    04/23/2017 - 1:11 am | View Website
  • Greece | Credit Rating
    Standard & Poor's credit rating for Greece stands at B- with stable outlook. Moody's credit rating for Greece was last set at Caa3 with stable outlook. Fitch's credit ...
    04/22/2017 - 7:34 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