The country is battling to rein in a bulging government debt that will reach 125% of GDP this year. Policymakers are hoping to reduce the domestic shortfall from 12.7% last year to less than 3% by 2012. To hit the targets, the Greek government plans to freeze civil servant pay, introduce taxes on wealthy estates, and increase tobacco and alcohol levies by 20%.
European stocks, euro rally on China data
Feb 01 - France24
European stocks, euro higher awaiting Greece outcome
Jan 23 - France24
Irish finance minister slams bank role in Greece talks
Jan 21 - France24
Euro climbs against dollar before US data
Jul 01 - France24
By IBTimes UK
World Bank President Robert Zoellick has been quoted as saying that the core question will be not Greece, but Spain and Italy. (May 17)
MORE TOPICS: ELECTIONS, EUROPEAN CENTRAL BANK
By IBTimes
The growing possibilities of an imminent Greek exit from the single currency bloc could drive up the value of safe-haven currencies such as the U.S. dollar and the British pound, while hurting a number of emerging Asian currencies that are sensitive to investors' risk appetite. (May 16)
MORE TOPICS: PORTUGAL, STORM, BANK OF ENGLAND, NEW YORK, LONDON
By IBTimes UK
Banks across Europe could be harmed by crisis deepening or refusal to repay debts. (May 14)
MORE TOPICS: ELECTIONS
By IBTimes UK
After New Democracy and Syriza, the socialist Pasok becomes the third party to fail to form a coalition government. (May 12)
By IBTimes UK
Analysts consider the chances of third-placed Pasok slim and warn Greeks may have to vote again. (May 10)
By IBTimes UK
The wrangle over the Greece parliament continues as the leftist Syriza party, which is seen as the favourite to form the government, failed to stike a deal with the coalition partners. (May 09)
MORE TOPICS: ELECTIONS
By IBTimes UK
Pasok and New Democracy parties failed to secure majority in the Greek parliamentary elections. (May 07)
MORE TOPICS: UNEMPLOYMENT, IMF, ELECTIONS
By IBTimes
The snap general election is expected to test Greek resolve for punishing austerity measures, and gives the parties just 24 days to prepare. (Apr 11)
MORE TOPICS: EUROPEAN UNION, GDP, INTERNATIONAL MONETARY FUND
By IBTimes
"A pharmacist ought to be able to live comfortably on his pension. So for him to reach the point of suicide out of economic hardship means a lot. It shows how the social fabric is unraveling," an activist in Athens said. (Apr 05)
MORE TOPICS: UNEMPLOYMENT, EUROPEAN UNION
By IBTimes IN
The BSE Sensex is likely to rise this year in spite of concerns over the government's finances and political stability. A poll conducted by Reuters indicated that BSE Sensex might gain 26 percent this year, hoping on interest rate cuts to bolster growth. (Mar 30)
MORE TOPICS: INDIA, RBI, INVESTMENT, SETTLEMENT
Free Edition
TAKE A TOURStay connected with the IBTimes using your favorite social networks and online news applications:
We value your privacy. Your email address will not be shared.
