Greek Prime Minister George Papandreou is now pushing for approval of unpopular austerity measures that are aimed at securing emergency international bailout funds to keep the country from defaulting on its debt. Earlier Wednesday, Mr. Papandreou survived a crucial parliamentary confidence vote, making passage of the controversial economic reforms more likely. Crowds in the square […]
Greek Government Readies Tough Austerity Package for Bailout
New Greek Government Survives Confidence Vote
Greek Prime Minister George Papandreou survived a crucial parliamentary confidence vote early Wednesday, making passage of controversial economic reforms more likely. As expected, the vote was strictly along party lines, with 155 lawmakers voting to back the new government and 143 voting against it. Two abstained. It came after a day of fierce debate, which […]
New Greek Government Wins Crucial Vote of Confidence in Parliament
Greek Prime Minister George Papandreou won a crucial parliamentary vote of confidence for his new government Tuesday, making passage of controversial economic reforms more likely. One hundred-55 lawmakers voted to back the new government while 143 voted against it. Two abstained. As expected, the vote was strictly along party lines. It came after a day […]
New Greek Government Wins Crucial Vote of Confidence in Parliament
Greek Prime Minister George Papandreou won a crucial parliamentary vote of confidence for his new government Tuesday, making passage of controversial economic reforms more likely. One hundred-55 lawmakers voted to back the new government while 143 voted against it. Two abstained. As expected, the vote was strictly along party lines. It came after a day […]
New Greek Government Wins Crucial Vote of Confidence in Parliament
Greek Prime Minister George Papandreou won a crucial parliamentary vote of confidence for his new government Tuesday, making passage of controversial economic reforms more likely. Mr. Papandreou is appealing to lawmakers to pass his package of spending cuts, tax hikes, and sale of state assets. Passage would assure the next $17 billion installment of last […]
US Housing Market Declines
Sales of previously-owned houses declined in May in the United States, hitting their lowest point of the year. Tuesday’s report from a business group says sales were down 3.8 percent from the prior month. If sales continued at that rate for a full year, just 4.8 million homes would change hands, more than a million […]
Eurozone Ministers to Greece: No Bailout Payment without Spending Cuts
The government of Greek Prime Minister George Papandreou faces a vote of confidence Tuesday in the midst of strikes and protests against further austerity measures. Mr. Papandreou is appealing to parliament to pass his package of spending cuts, tax hikes, and sale of state assets to stave off bankruptcy and default on the country’s debt. […]
Eurozone Ministers to Greece: No Bailout Payment without Spending Cuts
The government of Greek Prime Minister George Papandreou faces a vote of confidence Tuesday. Mr. Papandreou is appealing to parliament to quickly pass his package of spending cuts and tax hikes to stave off bankruptcy and default on the country’s debt. Eurozone finance ministers say Greece must institute further severe economic reforms before it can […]
Eurozone Ministers to Greece: No Bailout Payment Without Spending Cuts
( Title: GREECE ECONOMY 2nd UPD HEAD: Eurozone Ministers to Greece: No Bailout Payment Without Spending Cuts DATE: 06/20/11 NUMBER: 1054029 TYPE: CN )) Eurozone finance ministers say Greece must pass strong austerity measures before it receives the next $17 billion emergency loan payment from the European Union and the IMF to help stabilize its […]
Eurozone Ministers to Greece: No Bailout Payment Without Spending Cuts
( Title: GREECE ECONOMY 1ST UPD HEAD: Eurozone Ministers to Greece: No Bailout Payment Without Spending Cuts DATE: 06/20/11 NUMBER: 1053482 TYPE: CN )) Eurozone finance ministers say Greece must pass strong austerity measures before it receives the next $17 billion emergency loan payment from the European Union and the IMF to help stabilize its […]