Search This Blog

Showing posts with label Greece’s gross domestic product. Show all posts
Showing posts with label Greece’s gross domestic product. Show all posts

2/07/2012

Greece Agrees to Harsh New Spending Cuts as Lenders Ratchet Up the Pressure

ATHENS — Pushed against the wall by its foreign lenders, the Greek government agreed on Sunday to drastic new spending cuts but failed to complete an arrangement that would unlock the financing the country needs to prevent default. It agreed instead to resume talks on Monday.