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Eurozone finance ministers and the International Monetary Fund failed to agree on delivering the next tranche of bailout money to save Greece’s economy from bankruptcy. The Greek government is more fragile than ever with a wafer thin majority and at all-time low poll ratings after scraping through the latest austerity measures.
A wholesale restructure of the Greek economy aimed at saving 11.6 billion euros is underway. But Prime Minister Antonis Samaras is looking for European governments to support his bid to have more time to introduce reforms and savings. His demands for savings include fewer civil servants, reduced pensions and privatising state-owned companies. But these are putting...