Saturday, July 12, 2014

Greek gov't to submit draft budget to Parliament

October 07. 2013 5:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Greece's government is to submit to Parliament a preliminary draft for the 2014 budget that is expected to show a gradual improvement in public finances.

Hammered by a financial crisis, Greece has been dependent on rescue loans from other European Union countries and the International Monetary Fund since 2010. In return, its economy has been put under strict supervision by the IMF, European Central Bank and European Commission, known as the 'troika.' Successive governments have introduced repeated rounds of austerity measures to reform the country's finances and meet targets set for its budget deficit and state debt.

The Finance Ministry submits the preliminary draft Monday. The government is still negotiating details of the 2014 budget with the troika, and a final draft is expected to be submitted by November.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds