austerity

The Greek government expects parliament to vote on its medium-term austerity plan, a condition of a new international bailout, by the end of June, a senior government official said on Tuesday. more...

Ever since the financial crisis of 2008 it feels as if markets are never that far away from another bad news story. more...

Greece and a team of EU/IMF/ECB inspectors aims to conclude talks on a medium-term fiscal plan by Friday when Prime Minister George Papandreou is set to discuss its main points with Eurogroup chairman Jean-Claude Juncker, a senior government official told Reuters. more...

The best type of restructuring for investors is austerity, a type of debt default that sees a government renege on its obligations to its own people rather than bond holders according to Christian Gattiker-Ericsson, the chief strategist and head of research at Julius Baer. more...

Just 20 percent of the Greek electorate believe the country should abide by the terms of the European Union/International Monetary Fund loan agreement and pay off all its debts, according to a poll in a Greek newspaper. more...