Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola virus : Liberia shuts most border points

Read more

MEDIAWATCH

"What would you do?"

Read more

DEBATE

Too Late for Sanctions? Pressure Mounts on Russia over Ukraine (part 2)

Read more

DEBATE

Too Late for Sanctions? Pressure Mounts on Russia over Ukraine

Read more

FOCUS

As France’s Carrefour pulls out, what next for India’s retail market?

Read more

#TECH 24

Internet of Things

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

REPORTERS

Halal tourism on the rise

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

  • Israel warns of ‘prolonged’ campaign in Gaza

    Read more

  • In pictures: From Gaza to Mosul, bittersweet end of Ramadan for Muslims

    Read more

  • France offers asylum to Iraqi Christians

    Read more

  • Moroccan police arrest French al-Qaeda recruiter

    Read more

  • Russia ordered to pay Yukos shareholders over $50bn in damages

    Read more

  • French mayor files complaint against US father who risked kids’ lives on Mont Blanc

    Read more

  • French footballer Griezmann headed to Atletico Madrid

    Read more

  • Luc Besson’s sci-fi thriller ‘Lucy’ tops US box office

    Read more

  • Video: Slaviansk mourns mass grave victims

    Read more

  • France honours those lost on Air Algérie Flight AH5017

    Read more

  • Video: Ethiopia turns to wine to boost image, economy

    Read more

  • Thousands gather in Marseille in support of Israel

    Read more

  • As France’s Carrefour pulls out, what next for India’s retail market?

    Read more

  • Liberia tightens border controls to curb Ebola outbreak

    Read more

  • The centenary of Austria-Hungary’s calamitous last hurrah

    Read more

  • Nibali joins elite group with Tour de France win

    Read more

Europe

Greece tipped to accelerate austerity measures

Text by News Wires

Latest update : 2011-09-21

The Greek government will announce new reform measures on Wednesday, following a meeting with international lenders. The measures could include accelerated dismissals of state workers and cuts to pensions and wages, Greek media reports.

REUTERS - The Greek government will make announcements later on Wednesday on austerity measures it is discussing with its international lenders to save the country from bankruptcy, a government spokesman said.

The statements are expected to be made after a cabinet meeting starting 0830 GMT, in which Finance Minister Evangelos Venizelos will present proposals on bringing forward painful austerity measures to appease EU/IMF inspectors.

Venizelos was on a two-hour phone call with senior officials from the EU and the IMF late on Tuesday. The inspectors are pushing Greece to accelerate its austerity and reform drive to release a much-needed disbursement of 8 billion euros of bailout funds next month.

“In the framework of our ongoing negotiations, measures and announcements will be made today afternoon,” Greek deputy government spokesman Angelos Tolkas told state television.

A Finance Ministry official said on Tuesday after the conference call that Greece had agreed to bring forward measures from the so-called "mid-term plan," in which it has committed to slash its budget deficit through 2014 and sell some 50 billion euros in state assets.

Greek media reported on Wednesday that the measures are likely to include accelerated sackings of state workers, pension and wage cuts for civil servants, increases in heating fuel tax and extension of a one-off property tax announced.

Date created : 2011-09-21

  • GREECE

    Germany, France say Greece 'integral' to eurozone

    Read more

  • GREECE

    Greece unveils €2 billion in cuts to secure EU/IMF bailout

    Read more

COMMENT(S)