A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Tuesday, June 18, 2024

Greece Strikes Deal on Austerity Plan

Greece Strikes Deal on Austerity PlanGreece has reached agreement with its international creditors on new austerity measures necessary to release fresh bailout funds. If passed, Greece will impose 13.5bn euros of cuts. Prime Minister Antonis Samaras said, “If this deal is approved and the budget is voted, Greece will stay in the euro and exit the crisis.”
Details of the budget cuts remain sketchy, but Mr Samaras is seeking broader powers to privatise public services. However, there has been dissent among members of the three-party coalition government, and the delay in voting on the package will give Mr Samaras more time to reach a consensus. The prime minister said in a statement on Tuesday that he had “exhausted all the available time” to try and reach a consensus in parliament.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

Sheikh Mohammed Bin Zayed attends G7 Summit

His Highness Sheikh Mohamed bin Zayed Al Nahyan of...

UK Polls suggests declining popularity of PM Rishi Sunak’

Three new British opinion polls released Saturday spell trouble...

HH Sheikh Mohammed Meets British Prime Minsiter

President His Highness Sheikh Mohamed bin Zayed Al Nahyan...

UAE & Turkish Presidents exchange Eid Greetings

UAE President His Highness Sheikh Mohamed bin Zayed Al...

Princess of Wales arrives for public appearance

Princess Kate, Britain's Princess of Wales, delighted crowds at...

Sheikh Mansoor Bin Zayed & Crown Prince receive Eid greetings.

His Highness Sheikh Mansour bin Zayed Al Nahyan and...

UAE & Azerbaijan expand Economic Ties

Undersecretary of the Ministry of Economy, H.E. Abdullah Ahmed...

Secretary of State Blinken meets Indonesian Minsiter

Indonesian Defense Minister Prabowo Subianto met with US Secretary...

Labour Party’s election plans boost Markets

Britain's Labour party reveals manifesto for July 4 election,...