spending cuts
Economy
Salaries, Pensions Not Excluded from Automatic Spending Cuts in Greece
Wages and pensions are not excluded from the automatic spending cuts the Greek government is obligated to make if it fails to reach fiscal targets in 2017.
Greece has proposed to its lenders a mechanism that would automatically cut state...
Greece
Greece's Main Opposition Leader Attacks PM Tsipras on BBC
Speaking on BBC’s HARDtalk, Greece’s newly-elected New Democracy (ND) leader Kyriakos Mitsotakis charged Prime Minister Alexis Tsipras with being a “populist” who won the elections by making promises that he could not be delivered.
Specifically, Mr Mitsotakis said that Mr....
Economy
Greek PM Meets With Govt VP Ahead of Troika Meeting in Paris
Yet another meeting was held earlier today at the government headquarters between Greece's Prime Minister Antonis Samaras and government Vice President and Foreign Minister Evangelos Venizelos, ahead of the negotiations with Troika representatives tomorrow in "neutral ground," in Paris, France.
According to...
Greece
The Economist: The Troika is Coming and Asking for Further Spending Cuts
The Economist magazine reported on troika's upcoming return to Greece. Entitled 'The Troika is Coming: Greece's new government is scrambling to find more spending cuts," the editor comments that "Greece tried but failed to find €11.5 billion of spending cuts demanded...