Greece sets new deficit targets, lay-offs ahead of EU meet

Published: 3/10/2011 at 05:32 AM
Online news:

Greece on Sunday unveiled new budget deficit targets and plans to trim its civil service to meet creditors' demands a day ahead of a eurozone meeting that could free up an eight-billion-euro loan.

Greek emloyees chant slogans in front of the occupied health ministry building in Athens in September 2011. Greece on Sunday unveiled new budget deficit targets and plans to trim its civil service to meet creditors' demands a day ahead of a eurozone meeting that could free up an eight-billion-euro loan.

The 17 countries that share the debt-challenged euro currency will meet in Luxembourg on Monday in an effort to reach an agreement on releasing the bailout tranche which has been blocked by auditors for the past month.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

About the author

: Writer: AFP News agency; Position: Agence France-Presse

Keep this article in your social bookmark:

Your comments

bkposter
Post : 576
Send message

Discussion 2 : 03/10/2011 at 01:18 AM2
Post this to my Facebook
RE: D1... the monetary problems is not caused by capitalism,...it is caused by to much socialism.. but the recent problems of falling economies in the west is caused by an open door policy on Chinese goods and it is displacing workers in the west at too fast a pace where they can not find any work or other source of income. When half the world is willing to work for one half euro a day those that want 100 euros per day will soon be out of work...and a western life style now takes 120 euros a day to maintain...We can blame it on banks all day,but it will solve nothing, it is globalism at too fast a pace that is putting real pressure on western economies and their national budgets.
Like dislike 0 people liked / 0 people disliked this comment
abbub
Post : 1,307
Send message

Discussion 1 : 02/10/2011 at 10:26 PM1
Post this to my Facebook
Capitalism is in its last throes. And to prove me wrong (and everybody else who believes this) it will usher in a dark period of world-wide fascism. The last real hope at this time to keep alive the dream of human dignity and freedom on a global scale is the current confrontations by groups everywhere refusing to allow the lies to continue to spread unhindered.

But the power of the wealthy, as everywhere have on their sides the police and the military. Probably the last barricades are being constructed too late.
Like dislike 0 people liked / 0 people disliked this comment

Greece sets new deficit targets, lay-offs ahead of EU meet | Bangkok Post: breakingnews