Austerity Package, Greece Debt Crisis | featured news

(Image from article: "Greece to miss deficit targets despite austerity")

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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.

Greeks feel drip-drip torture of austerity

Greeks expressed their misery on Monday at the erosion of their daily lives by austerity measures demanded by international lenders in exchange for bailout funds, ahead of a key parliamentary vote on extra property tax.

Rescue Measures for Greece Advance as French Offer to Ease Debt

Under the plan, French banks would give Athens more time to pay back loans as they come due over the next three years.

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