The European Union urged Greece on Monday to announce new austerity measures within days to tackle a debt crisis that has shaken the euro zone and promised to help Athens overcome the problem.
EU Economic and Monetary Affairs Commissioner Olli Rehn made the call after a first round of talks with Greek officials amid growing market [...]
Posts Tagged ‘greece’
EU tells Greece to do more on budget, markets improve
March 1st, 2010 by Financial Writer
Tags: athens, debt crisis, eu economic, european union, greece, greek borrowing, greek debt
more...EU leaders reach deal to rescue Greece
February 11th, 2010 by Financial Writer
European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro.
“There is an agreement on the Greek situation. We will communicate now the agreement to the other leaders,” van [...]
Tags: eu leaders, european leaders, financial profligacy, greece, herman van rompuy, loans, refinance debts