Thursday, July 18, 2013

Greece Wins Concession on Tax for Restaurant Meals

As Greek lawmakers prepared to vote on a package of new austerity measures, Prime Minister Antonis Samaras said Wednesday that the country’s lenders had agreed to a major concession, a sharp reduction in the sales tax on restaurant meals. 
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Germany Backs Greece’s Austerity Measures

On a quick visit here amid tight security just a few hours after Greek lawmakers narrowly approved a new barrage of austerity measures, Germany’s finance minister on Thursday backed Greece’s efforts to revive its battered economy, saying the German government could provide financing for Greek businesses but ruling out a restructuring of the country’s huge debt burden. 
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Greek MPs back public sector cuts amid protests

The parliament in Greece has narrowly approved a public sector reform bill that will see thousands of people lose their jobs.
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EU Sends Greece to Court Over State Aid

The European competition authorities will take Greece to court because the government has failed to get back millions of euros in illegal state aid, the European Commission said in a statement Wednesday. 
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Schaeuble Opens Door to Greek Debt Relief Tied to Targets

German Finance Minister Wolfgang Schaeuble opened the possibility of further Greek debt relief as he urged the country to stand by its commitments to scale back its debt and overhaul the economy. 

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German finance minister chides Greeks for seeking debt cut

 Greeks should stop lobbying for more debt relief, Germany's finance minister said on a visit to Athens on Thursday that forced a lockdown of the city center and a ban on protests against the deeply unpopular champion of austerity.
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Postcard: 'Tough love' for Greeks

On a visit to Greece on Thursday (18.07.13), German Finance Minister Wolfgang Schäuble said Athens has little choice but to press ahead with reforms. Greek journalist Anthee Carassava sent this postcard from Athens. 
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