Greek austerity measures
EU Commission: Raise The VAT on Food
The EU auditors together with the Greek government, posed the question of raising the Greek VAT on food on the agenda of discussions. According to a European Commission study, the Greek government collects around €15 billion a year from...
Samaras Asks for Solidarity
Antonis Samaras, the Greek Prime Minister, was in Brussels yesterday to plead for solidarity from the European countries. Right now, Greece still faces the possibility of new austerity measures and a third bailout. The Prime Minister was invited to...
Ahead of Key Votes, Samaras Warns of Euro Exit
Greek Prime Minister Antonis Samaras warned again Sunday that the debt-crippled country could be forced out of the euro if parliament fails to approve a new round of austerity measures needed for a lifeline from creditors. "We must save the...
Greece, Cuts Ready, Tomorrow Coalition Partners Meet
While Greek workers protest in the streets against the new austerity measures, the Minister of Finance, Yiannis Stournaras, managed to finalize the package of budget cuts for the 2013-2014 period, and, following a meeting lasted over three hours, reached...
Charles Dallara Expresses His Confidence for Greece’s Political Future
Charles Dallara, managing director of the Institute of International Finance, said that he is optimistic about Greece's long-term prospects, but estimates that the next few months will be a crucial test for the debt-wracked country, following a general election...
Couple Threatens to Commit Suicide in Jobs Protest
A Greek couple fearing for their jobs threatened to commit suicide by jumping from the window ledge of their office in Athens. Both are now safe: the husband was first persuaded to come down but the wife remained for about...
Austerity Measures Must Be Implemented, Venizelos Says
Greek austerity measures for 2011 and 2012 have been legislated and need to be implemented to remove the country from “mortal danger,” Finance Minister Evangelos Venizelos told reporters in Thessaloniki late yesterday, according to an e-mailed transcript sent by...
Greek Tax Changes that will Make Your Wallet Lighter…a Lot Lighter
Greek tax legislation changes resemble pretty much Latin American soap opera episodes[...]