Advertise On EU-Digest

Annual Advertising Rates

2/26/10

European Union pushes Greece to cut more

European Union officials are pressing Greece for additional austerity measures after an emergency inspection of its ailing finances amid global worries that Greece's problems might worsen a weak world economy.

A team of officials from the EU, the European Central Bank and the International Monetary Fund wrapped up a three-day visit Thursday. Athens faces a March 16 deadline from the EU to show signs of fiscal improvement or take further action to boost revenues and cut spending.

Greek shares led a big retreat in world markets Thursday as investors worried that credit-rating agencies may downgrade the country's government debt further.

For more: European Union pushes Greece to cut more - USATODAY.com


No comments: