InfoAnda - Greece faces difficult talks with EU, IMF

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Taliban vow to disrupt Afghanistan election | | 5 September 2010
India service sector major growth: survey | 3 February 2010
Officials: 2 drone strikes kill 13 in NW Pakistan | 30 September 2009

Renowned Chinese translator Yang Xianyi dies | 24 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Greece faces difficult talks with EU, IMF

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Greece faces difficult talks with EU, IMF AFP - 2 hours 16 minutes ago Send IM Story Print Greece faces difficult talks with EU, IMF ATHENS (AFP) - – The Greek government faces a tough round of talks this week with key international benefactors on its campaign to reduce the public deficit next year, with the agreed 2010 target in apparent jeopardy. Representatives from the European Union, the European Central Bank and the International Monetary Fund are due in Athens on Monday to assess the efforts so far by the Socialist government to stabilise public finances. The government on Thursday is to present its 2011 budget to parliament. The EU-ECB-IMF team will decide at the end of its mission if a third installment of its 110-billion-euro (150-billion-dollar) rescue package will be made available to Greece. This installment is worth 9.0 billion euros. The deal was approved in May to help Greece, weighed down by heavy debt, meet its obligations. The country has already received 30 billion euros in exchange for measures aimed at curbing spending, notably through radical austerity measures and deep reforms of the economy. The Greek economy shrank by 4.5 percent in the last 12 months, official data showed on Friday. Gross domestic product contracted by 1.1 percent in the third quarter from output in the second quarter, according to data from the ESA statistics agency said. The agency attributed the contraction mainly to a fall in household consumption and investment. On Monday the European statistics agency Eurostat is to release its estimate of the Greece's 2009 public deficit -- but it is expected to come to 15 percent of gross domestic product rather than an initially forecast 13.6 percent. Prime Minister George Papandreou acknowledged that because of this upward revision, the 2010 deficit target of 8.1 percent agreed with the EU and IMF in exchange for their help could be surpassed. Press reports have said the shortfall could even come to more than 9.0 percent. Papandreou has insisted that the expected widening in the 2010 deficit would be the result of an upward revision to the 2009 figure and would not represent an absence of commitment on the part of the government. But that argument could fail to convince investigators from the EU, the ECB and the IMF. While the government has managed to reduce spending, it has been less successful in boosting public revenues. The finance ministry has estimated the shortfall in the January-October period at 2.0 billion euros. In addition, fears of instability that preceded local elections earlier this month prompted a resurgence in tension on the financial markets, where the yield -- the interest rate the government has to pay to borrow -- has risen. "The 2011 budget cannot ask any more from the middle class, from workers and retirees who have already contributed as much as they can to restoring financial stability," Transport Minister Dimitris Reppas said last week. The Bank of Greece has said the three categories cited by Reppas had had their incomes reduced by 8.0 percent in response to tax hikes and cuts in public-sector salaries and pensions. But Reppas acknowledged that the government had to meet the demands of its benefactors if it wanted to negotiate a possible delay in repaying their loans. For Lucas Papademos, a former deputy ECB governor, the task now is to step up the pace of privatisations -- notably of the postal service and the railroad -- and to reduce the weight of the state in the economy. But that approach would likely encounter public opposition. Unions have already warned against any privatisation, with a general strike in the private sector called for December 15. Recommend Send IM Story Print News Search Top Stories Travolta jets home as wife goes into labour Property bubble fears weigh on Spanish recovery Greece faces difficult talks with EU, IMF Sarkozy clears decks for French government reshuffle United late show salvages dramatic draw at Villa More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended 'Naked' airport scanners may be 'dangerous' Zsa Zsa Gabor rushed to hospital for blood clot Asian Games open with China set to dominate After Fed boost, global woes hit Wall Street Britain launches fresh drive on tax havens More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France Spectacular unknown species found in Amazon EU fines 11 airlines 800 million euros for air cargo cartel Be fit, have fewer colds: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 14 November 2010
South Sudan monitors see risk of fraud in voter lists
Big German protests pressure Merkel before CDU meet |
Iraq's Allawi
Volkswagen eyes rehaul of trucking: report
Insurgents attack NATO base in eastern Afghanistan
South Sudan monitors see risk of fraud in voter lists |
Afghan minorities fear peace talks with Taliban
NATO: insurgents kills 3 service members in attack
Militants assault NATO base in eastern Afghanistan
Irish end losing streak in unconvincing fashion
Ashton inspires England win over Australia
World leaders hail Suu Kyi's release
Japan, Russia leaders meet amid island row
Aung San Suu Kyi 'completely free': Myanmar
Nobel laureates celebrate Suu Kyi release
Japan, China feud thaws with leaders' talks
Film on climate change bad boy says 'Cool It' over panic
New York's David Chang to open Sydney eatery
Obama welcomes release of 'hero' Aung San Suu Kyi
X Factor hopefuls to sing Elton John song's
Noisy homes leave UK children 'unable to listen'
Amazon Stops Sale Of Pedophile Guide Book
Pope says internet users risk 'solitude'
Israel's Netanyahu unveils U.S. plan for new talks
Sarkozy clears decks for French government reshuffle
Airbase attacked, 10 killed in Afghan market bombing
Cuba to free two more political prisoners |
Berlusconi bids to stave off political crisis
Bangladesh opposition strikes over ex-PM's eviction |
Wary of Taliban, Afghan mujahedeen ready for fight
Bulgaria, Russia set up joint venture to build gas pipeline
Property bubble fears weigh on Spanish recovery
Race tightens in Guinea presidential run-off |
Greece faces difficult talks with EU, IMF
Fire at German petting zoo kills 26 animals
Sarkozy clears decks for French government reshuffle
Karzai wants U.S. to cut back Afghan military operations |
United late show salvages dramatic draw at Villa
Suu Kyi urges freedom of speech in army-ruled Myanmar |
Global Weather-Celsius
Miner to drill beneath Sydney for gas
Filipino champ Pacquiao 'goes distance' to beat Margarito
Park, Kitajima out to halt Chinese juggernaut at Asiad
Pacquiao 'goes the distance' to beat Margarito
Demand hikes up pilgrimage prices in crowded Mecca
Autographed Ruth homer ball a hit at auction
Mystery deepens over disabled NC girl's killing
Australian politician Hanson abandons move to UK
US-ENTERTAINMENT Summary
Free trade ambitions of Pacific Rim leaders
Zsa Zsa Gabor home from hospital
APEC leaders make pledge on free-trade
Aung San Suu Kyi arrives at party headquarters
Paris's Louvre appeals for million euros to buy masterpiece
China to speed up Japan rare earth exports: trade minister
Many Japanese say govt should release China video
Madoff's watch sells for 67,500 dollars
Nicaragua, Costa Rica urged to pull back in river spat |
Turkey to invite Toshiba for nuclear plant talks: report
All Blacks coach wary of Ireland after thrashing Scots
IMF chief: Ready to help Ireland if needed
Coach Johnson hails England young guns after Wallaby rout
US-TECH Summary
Nicaragua, Costa Rica urged to pull back in river spat
Al Qaeda denies plot to target Muslim pilgrims
Francois Fillon returns as French prime minister
Somali pirates free British couple
Netanyahu presents U.S. settlement plan to cabinet |
Delay possible to Greek debt repayments: Papandreou
Karzai: US should reduce military operations
British couple freed by pirates arrives in Kenya |
Israel mulls settlement freeze amid building frenzy
Bosnians, Albanians rush to get visa-free passport
In Afghan south, US troops in re-building drive
Travolta jets home as wife goes into labour
NATO says 5 soldiers killed in Afghanistan |
Ohio Family Mysteriously Disappears
Afghan government says kidnapped diplomat released
Berlusconi faces crunch week amid economic worries
Five People Killed On Californian Highway
Al Qaeda denies plot to target Muslim pilgrims |
Karzai says US should reduce operations' intensity
U.S. Signs Transit Agreement With Kazakhstan For Supplies To Afghanistan
NATO summit will mark 'improvement' in Russia ties
Iraqi Military Intelligence Pessimistic As Government Under Construction
France's Sarkozy keeps Fillon as PM in reshuffle |
Afghan militants torch NATO convoy; blasts kill 3
Greeks vote under threat of more austerity |
Afghan militants burn NATO convoy; blasts kill 3
Military exercises carried out near nuclear sites: Iran |
Greece lets Gaza activists disembark from ship |
Italy's Berlusconi, rival ready for final showdown |
British granny takes clubland by storm
Ubisoft assassins begin prowling the Internet
Oscar governors honor Coppola, Godard with awards
Night owls and early birds: Paris' nightlife dilemma
Iran's Entekhab buys Daewoo Electronics: reports
"Hallows" my favorite Potter film so far: Rowling
Cosmopolitan French conductor says 'music has no borders'
India eyes double-digit growth
Japan PM pushes economic ties to help ease disputes
Vietnam Airlines launches new route to Yangon
Japan, Peru agree on free trade pact
Japan invited to meet with US-backed TPP members
Gas talks still on hold between Japan, China
Asia-Pacific leaders vow to work for freer trade
Oscar governors honor Coppola, Godard with awards |
Hallows my favorite Potter film so far: Rowling |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01