Bailouts, Country Bankruptcy | featured news

Greece to miss deficit targets despite austerity

Greece to miss deficit targets despite austerity

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.

 

Eurozone delays decision on vital Greek loans

Eurozone delays decision on vital Greek loans

Hours of talks between eurozone finance ministers on the imploding finances of Greece broke up early Monday morning without the ministers signing off on a vital installment of rescue loans needed to avoid bankruptcy next month.

 

Officials See Irish Rescue at 50 Billion Euros, at Least

The ultimate size will depend on whether Dublin merely tries to shore up and restructure its crippled banks, or whether a larger package is offered to give it more breathing room.

 

Subscribe to this RSS topic: Syndicate content