Sunday, May 27, 2012 5:14 PM EDT
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%.
By IBTimes
She added important lessons had been learned from the Greek experience, allaying fears further bailouts would be needed for other struggling Eurozone countries. (Mar 26)
By IBTimes
Developments in the two weeks since the "credit event" confirmed that the world's first test of using credit default swaps as protection involving sovereign debt turned out fairly well. (Mar 21)
MORE TOPICS: COMMERZBANK, PORTUGAL, STORM, EUROPEAN CENTRAL BANK, INTERNATIONAL MONETARY FUND, INVESTMENT
By Reuters
Early bids at an auction to decide the payout due to Greek bondholders who are insured against default showed investors fear for the country's financial future even after a debt restructuring and aid packages. (Mar 19)
MORE TOPICS: COMMERZBANK, PORTUGAL
By Reuters
Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said. (Mar 13)
MORE TOPICS: UNEMPLOYMENT, GDP, ELECTIONS, INTERNATIONAL MONETARY FUND
By Reuters UK
Asian shares fell on Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations of more easing ahead of this week's Federal Reserve meeting, while uncertainty over Chinese growth also weighed on sentiment. (Mar 12)
MORE TOPICS: CHINA, FEDERAL RESERVE, PORTUGAL, RETAIL SALES, JAPAN, RETAIL
By Reuters
Asian shares fell on Monday as investors paused to assess the effect of strong jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while uncertainty over Chinese growth also weighed on sentiment. (Mar 12)
MORE TOPICS: CHINA, FEDERAL RESERVE, BARCLAYS, PORTUGAL, RETAIL SALES, JAPAN
By Reuters
Asian shares fell on Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while concerns over China's slowdown also weighed on sentiment. (Mar 11)
MORE TOPICS: CHINA, FEDERAL RESERVE, BARCLAYS, PORTUGAL, RETAIL SALES, JAPAN
By Reuters
Asian shares fell Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while concerns over China's slowdown also weighed on sentiment. (Mar 11)
MORE TOPICS: CHINA, FEDERAL RESERVE, BARCLAYS, PORTUGAL, RETAIL SALES, JAPAN
By Reuters UK
Asian shares fell on Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while concerns over China's slowdown also weighed on sentiment. (Mar 11)
MORE TOPICS: CHINA, FEDERAL RESERVE, BARCLAYS, PORTUGAL, RETAIL SALES, JAPAN
By IBTimes
While leaders try to massage the news through bailouts, the reality is that bankruptcy will ultimately be Greece's only option. (Mar 09)
MORE TOPICS: CHINA, FEDERAL RESERVE, CALIFORNIA, FIXED-INCOME, GDP, MANAGEMENT
