Greece announces new $6.5 billion austerity plan (AP) PDF Print E-mail
Wednesday, 03 March 2010 15:19

Greek prime minister George Papandreou addresses to Socialists lawmakers at the Greek Parliament in Athens, on Tuesday, March 2, 2010. Greece is grappling with an acute debt crisis that unfolded after the conservatives lost general elections last October to the Socialists who revealed a massive budget shortfall. The government is set to announce more severe economic austerity measures on Wednesday, following EU demands for deeper spending cuts. (AP Photo / Thanassis Stavrakis)AP - Greece announced painful new austerity measures Wednesday worth euro4.8 billion ($6.5 billion) to deal with a financial crisis that has hammered the euro and unsettled financial markets.


Source: Yahoo! News: Top Stories
 

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