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
  • Greece Falls Short of Revenue Targets in 8 Months Despite Tax Storm
    A deficit in the budget balance worth 1,040 million euros in ... In particular, from January – August 2016, there were increases noted in the following sectors that surpassed targets: a) Corporate tax by 207 million euros or 14.1 percent; b) Direct ...
    09/27/2016 - 7:42 pm | View Link
  • 4 Greece Headlines: Debt Relief As China Expands Piraeus?
    “The authorities’ current targets remain unrealistic ... This year estimates put the total deficit of the system at around 3 billion euros, not including the 2 billion euros[owed] to the healthcare service organization … or [another] 3 billion ...
    09/23/2016 - 9:02 am | View Link
  • Will Greece keep to fiscal deficit targets?
    Greece has committed to a hefty primary surplus and if they don't stick to it, automatic budget cuts will kick in, says Standard Chartered's Sarah Hewin.
    09/21/2016 - 11:03 am | View Link
  • Greece beats deficit reduction targets
    ATHENS, Greece Greece is beating its budget targets by a wide margin so far this year, preliminary figures showed Monday, although the country is still deep in recession. Deputy Finance Minister Christos Staikouras said the state budget was estimated to ...
    08/11/2013 - 8:47 pm | View Link
  • Greece To Miss Budget Deficit Targets, As Usual, While Qatar Prepares A Bailout Pennies-For-Gold Swap
    As the Greek parliament meets to finalize huge public sector job cuts, Reuters is reporting that Greece will miss the deficit targets set in its EU/IMF bailout this year and next… We would say “again” but at this point “as usual” makes far more ...
    10/2/2011 - 1:00 pm | View Link
  • More
  • Economy of Greece
    The economy of Greece is the 46th largest in the world with a nominal gross domestic product (GDP) of $195.2 billion per annum. It is also the 52nd largest in the ...
    09/18/2016 - 8:58 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 ...
    09/23/2016 - 5:03 pm | View Website
  • 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 ...
    | View Website
  • CIA: The World Factbook: Greece
    Features map and brief descriptions of the geography, people, government, economy, communications, transportation, military and transnational issues.
    09/22/2016 - 10:27 pm | View Website
  • Greece Economy 2016, CIA World Factbook
    09/23/2016 - 11:37 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