Tag: jobs

EU officials Give Greece Three Days to Deliver Reforms or Face Consequences; The Eventual Outcome
July 3, 2013 0

EU officials Give Greece Three Days to Deliver Reforms or Face Consequences; The Eventual Outcome

By News Desk

Reuters reports Greece Has Three Days to Deliver Reforms or Face Consequences . Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to receive its next tranche of aid, four euro zone officials said on Tuesday. The lenders are unhappy with progress Greece has made towards reforming its public sector, a senior euro zone official involved in the negotiations said, while another said they might suspend an inspection visit they resumed on Monday

Credit Contraction Exceeds 6% in Spain, Highest Ever in Crisis
July 2, 2013 0

Credit Contraction Exceeds 6% in Spain, Highest Ever in Crisis

By News Desk

Credit Contraction Exceeds 6% in Spain, Highest Ever in Crisis According to prime minister Mariano Rajoy, Spain has been on the verge of recovery for two years. Rajoy has also promised to bring Spain’s budget deficit to 3% of GDP for two straight years. And EU has extended the timeline for Spain to hit that goal from 2012 to 2013 to 2014 to 2015 and now to 2016.