Greek MPs have voted to investigate former finance minister George Papaconstantinou over his handling of data on citizens with Swiss bank accounts and whether he amended the list to remove three of his relatives.
GREEK Prime Minister George Papandreou appointed a new finance minister in a crisis reshuffle to try to push through harsh economic reforms and avoid a default that could cause global economic turmoil.
Greek Prime Minister George Papandreou has replaced his Fnance Minister in a broad Cabinet reshuffle to counter widespread anger over tough new austerity measures essential to prevent Greece from a disastrous default.
Greece has unveiled a new austerity programme as its finance minister says it hopes to secure a second bailout deal this month.
GREECE hopes to get more time to repay bailout loans, its finance minister said yesterday, a day before EU and IMF inspectors start a visit to assess if new austerity plans are tough enough to tidy up its public finances.
Greece’s cash-strapped government promised today to raise an additional €11.8bn by 2013 with a crackdown on tax evasion.
Greek finance minister George Papaconstantinou said there would be no need for a new emergency bail-out loan when the current one expires in 2013.
Greece’s state sector shut down today as civil servants walked off the job in a 24-hour strike, demanding the government take back stringent austerity measures designed to pull the country out of a debt crisis.
Greece’s borrowing costs fell sharply today and stocks rallied after the European Union unveiled a trillion-dollar plan to contain the continent’s spreading debt crisis and boost the euro.
The crucial Greek austerity bill was passed by parliament tonight.
Greece can only avoid bankruptcy by taking the joint EU-IMF rescue package, its government insisted today as it tried to push the measure through parliament.
Financial leaders at a weekend conference focused on the deepening Greek debt crisis and pledged to address risks posed to the global economic recovery by countries with severe budget deficits.
WORK will continue this week on the details of an emergency loan package for Greece from eurozone countries – but all, including Ireland, will be working to ensure that they never have to pay out money.
Crisis-hit Greece has two days to explain its use of complex financial deals to mask debt and just a month to prove that its drastic budget cuts go far enough to reassure markets and EU governments.
The Greek government must take prime responsibility for resolving the country’s deep financial crisis, British Chancellor Alastair Darling said today.
GREECE came under huge pressure from other eurozone countries in Brussels last night to make further and immediate cuts in government spending.
Greece’s finance minister said a detailed rescue plan from other eurozone nations would be the best way to soothe market fears that Greece could default on debt payments.
Greece is not seeking aid to pull its debt-ridden economy out of its worst fiscal crisis in decades, its finance minister insisted today.
THEY’RE cheap; they’re pretty; they’re conversation-starters; they’re useful.
Greece’s newly-elected socialist government won a vote of confidence in its programme.
Wednesday, September 23, 2020 - 6:00 PM
Wednesday, September 23, 2020 - 5:00 PM