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Greece's austerity deal: Too little too late?

Greek leaders just can't please anyone. Thousands protested in Athens this week after Greek politicians, trying to win a massive European bailout, finally accepted a new round of job and spending cuts. Then, European ministers declared late Thursday that the controversial austerity plan doesn't go far enough. They gave Athens' divided parliament a week to come up with another $430 million in savings — in exchange for a new $170 billion bailout that Greece needs to avoid defaulting on its debt.
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Left-wing Leader Rejects Greek Austerity Pledge

Business & Finance : The Curious Capitalist (3 years ago)

ATHENS, Greece — The smoldering debate over European austerity flared hotter Tuesday as the left-wing politician trying to form a new Greek government declared that his country is no longer bound by its pledges to impose crippling c...

Tens Of Thousands Of Greek Workers Protest Austerity Measures

News : The Two-Way (4 years ago)

Workers massed in downtown Athens and other cities in Greece as outraged citizens expressed fury at their government's proposed spending cuts, intended to cut down Greece's massive budget deficit by a third.

Greek Leader Criticized On Austerity Concessions

News : Huffington Post (last month)

ATHENS, Greece (AP) — Greece's prime minister held a marathon meeting with his party's lawmakers Wednesday, briefing them on pledges made to European creditors to win a four-month extension of the country's bailout amid simmering pa...

Greece, EU/IMF lenders end round of technical talks without deal

News : Reuters: World News (14 hours ago)

ATHENS (Reuters) - Talks between officials from Greece and its EU/IMF lenders in Brussels have ended without a deal on the country's reform plans and may continue next week, three Greek government officials said on Tuesday.

Why Another Greek Bailout Is Now Becoming Less And Less Likely By The Day

Business & Finance : Business Insider: Clusterstock (4 years ago)

Today, massive protests in Athens are targeting the government's push for more austerity measures. Last night, European Union leaders failed to come to a deal on the next bailout for Greece. That bailout has now been pushed back to ...

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