English | دری

Eurozone finance ministers starting to lose patience with Greece

in International Business

Eurozone finance ministers starting to lose patience with Greece

greeceHead of the Eurogroup, Jeroen Dijsselbloem, said the Eurozone finance ministers were starting to lose patience with  debt-laden Greece.

The Eurogroup is made up of the finance ministers from the 17 nations that use the single European currency.

Greece has been receiving international bailouts since May 2010. In return for rescue package, the country had to undertake strict austerity measures by cutting public sector pensions and paying and imposing new taxes.

The austerity measures were fiercely resisted at home and faced demonstrations from the general public.

The Troika, comprised of the International Monetary Fund, European Central Bank and European Commission, said the country had made “good progress”, but “a few issues remain outstanding.”

The draft budget, submitted to parliament by Greece’s finance minister Yannis Stournaras, is due to be voted on in early December.



Related Articles

Samsung Supplier alleged for employing child labors

Investigators of the New York-based campaign group Child Labor Watch (CLW) alleged that Samsung Electronics has violated labor laws by

China's economy slows down further

Data for April shows sharper than expected declines in investment and industrial production. China’s economy is slowing down further, national

Japan, China and S Korea edge towards free-trade deal

Japan, China and South Korea have moved closer to signing a trilateral investment agreement that could pave the way for

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.