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 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
ASK NEWS:
  • WPP 2016 Interim Results - KHQ Right Now
    WPP 2016 Interim Results - WMBF
    08/24/2016 - 7:46 am | View Link
  • Tactics, tactics, tactics: Jon Speelman's Agony Column #16 - ChessBase
    Turning tech into a god is seriously bad news - New Scientist
    08/24/2016 - 7:20 am | View Link
  • Fitch Downgrades Macedonia to BB; Outlook Negative - Reuters UK
    Fitch Affirms Portugal at 'BB+'; Outlook Stable - KHQ Right Now
    08/19/2016 - 5:29 am | View Link
  • One Of The Toughest Economic Puzzles Ever - Yahoo! Singapore
    ... to be heading toward record deficit spending ... left-leaning in Spain and Greece) was seen as an ... defaults or long-term interest rate ...
    08/16/2016 - 12:26 pm | View Link
  • More
BING NEWS:
  • 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 - 2:57 am | View Link
  • Greece to miss deficit targets; more cuts loom
    LONDON (MarketWatch) — The Greek government said it won’t meet its deficit target this year and agreed to additional austerity measures demanded by international lenders ahead of a meeting of euro-zone finance ministers later on Monday. The Greek ...
    10/3/2011 - 12:56 am | View Link
  • Greece to miss deficit targets
    ATHENS, Greece - Greece won't meet 2011-2012 deficit targets imposed by international lenders as part of the country's bailout, the Finance Ministry announced Sunday. The country's deficit this year is expected to reach 8.5 percent of gross domestic ...
    10/2/2011 - 8:52 pm | View Link
  • Greece to miss deficit targets despite austerity measures
    The Greek government's controversial austerity measures will not be sufficient for the deficit target required for an international bailout package, official figures have shown. REUTERS - Greece will miss a deficit target set just months ago in a massive ...
    10/2/2011 - 1:00 pm | View Link
  • Greece will not meet deficit targets this year or in 2012
    The Greek finance ministry on Sunday (2 October) conceded that the government will not be able to meet the deficit reduction targets imposed by the European Union and the International Monetary Fund for this year or next. The shortfall between spending and ...
    10/2/2011 - 1:00 pm | View Link
  • More
BING SEARCH:
  • Greece to miss deficit targets | Financial Post
    By Dina Kyriakido. Greece will miss 2011 and 2012 budget deficit targets set by the EU and the IMF, according to figures published by the finance ministry on Sunday ...
    06/30/2016 - 6:30 pm | View Website
  • Greece misses 2014 Budget deficit targets
    ATHENS: Official figures show that Greece fell well short of its budget deficit reduction targets last year, a development that's likely to add pressure on the Greek ...
    04/15/2015 - 5:27 pm | View Website
  • Greece misses 2014 budget deficit targets, adding pressure ...
    ATHENS, Greece – Official figures show that Greece fell well short of its budget deficit reduction targets last year, a development that's likely to add ...
    04/15/2015 - 10:18 am | View Website
  • Greece misses 2014 budget deficit targets
    ATHENS, Greece (AP) -- Official figures show that Greece fell well short of its budget deficit reduction targets last year, a development that's likely to add ...
    04/15/2015 - 9:13 am | View Website
  • Greece fails to meet deficit targets, while Spain ...
    As the troika examines Greek finances Athens has admitted it will slightly overshoot its deficit targets this year due to the deeper recession.
    09/17/2012 - 7:56 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