Wednesday 8th February 2012
Greece
Wednesday 3rd March 2010 15:05
President Zapatero: economic recovery
Reuters
Greece, Spain and Ireland are still among the worst affected by the world’s economic recession, which started over a year ago.
Greece’s manufacturing sector is weakening, unemployment in Spain has reached 19 per cent and Ireland is now facing a €1bn bill to pay for university students.
Greece
A survey earlier this week revealed that Greece’s financial crisis will last longer and deeper than had previously been predicted.
Wednesday 3rd February 2010 12:48
Greece: tough public sector cuts
© European Union, 2010
The European Commission has welcomed radical plans by the Greek Government to cut the country’s growing budget deficit.
However there is growing concern regarding the way Greece reports its statistics.
Greece's budget deficit is currently one of the highest in the European Union standing at 12.7 per cent, four times the legal limit for an EU country. By comparison, the UK has a budget deficit of 13%.
European Commissioner for Economic and Monetary Affairs Joaquin Almunia announces his support for Greek reform plans
