Greece

Greece Continues to Witness Recession for 6th Year

Greece Continues to Witness Recession for 6th Year It is the sixth continuous year for Greece to witness recession. The European country's condition is such due to declining business confidence and the country has been surviving on bailout loans from European Union. According to recent reports, it has been revealed that its economy has witnessed a decline of 5.7% in October to December 2012.

Austerity is Actually Squeezing Life Out of Workers and Impoverished Citizens

Austerity is Actually Squeezing Life Out of Workers and Impoverished CitizensTo raise their voice against the dead-end policies that have been introduced by the government in regard of slashing almost one third of the salaries of employees and pushing unemployment to 27%, thousands of Greek workers have step on the roads on Wednesday to participate in the first ever nationwide protest.

Eurogroup May Not Give Loan to Greece

Eurogroup May Not Give Loan to GreeceGreece's financial trouble has pushed it to seek aid of Eurogroup or the European nations. However, in a recent meeting by the Eurogroup it has been decided that in the coming year Greece would not be provided with new loan tranche.

Greece in a Bankrupt Position

GreeceIt has been recently revealed that Euro zone countries are not able to reach at a final conclusion on Greece bailout matter. In order to discuss the matter, a meeting has been arranged in which Euro zone finance ministers would take part, said Evangelos Venizelos, who is the Greek Finance Minister.

Greece Financial Catastrophe Provoke Health Cautions

Greece Financial Catastrophe Provoke Health CautionsFrom last few months, Greece financial crises have certainly become chief spotlight for all media channels across the nation.

Greece Prime Minister Favors Austerity Measures

Greece Prime Minister Favors Austerity MeasuresGreece Prime Minister George Papandreou will be challenging the opposition faced by the government regarding the cuts and qualms about Greece over the default.

European authorities have been coercing the government to increase the cuts before the country receives funding from the portion of an investment bailout loans issued.

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