December 1, 2010
The challenge for Greece to meet bailout goals
Reuters piece by Renee Maltezou with a grocery list of troubles facing the Greek economy deep in the throes of both economic slowdown, and the pressures of strict bailout rules as part of the IMF/eurozone deal:
"The debt-choked country's lenders said in November that Athens was broadly on track with its fiscal plan so far, but needed to step up efforts next year to increase tax collection, shore up public enterprises and rein in health spending.
Greece expects to get more time to repay its EU/IMF 110-billion-euro loan and hopes this will dilute fears that it may need to restructure its debt after the bailout expires in 2013.
Investors question whether it can sustain fiscal efforts in the face of a bleak economic outlook and public discontent.
Apparently the big challenges are happening soon: an increase in the VAT tax, a freeze on pensions, and the Dec 20 vote for the 2011 budget which is full of new cuts.
Greece 112 Emergency Announcements on X/Twitter
Hellenic National Meteorological Service
Greece's Golden Visa program
Advertisement: I am an Amazon affiliate
Fodor's Essential Greece: with the Best of the Islands (Full-color Travel Guide) – Amazon
- Illustrated experiences guide to the top things to see and do
- Multiple itineraries to help organize your days
- 40+ detailed maps for easy navigation
- Color photos throughout
- Local recommendations for sights, dining, hotels, nightlife, shopping, and activities
- “Best of” features covering beaches, food and drink, and more
- Trip-planning tips on when to go, getting around, avoiding crowds, and saving money
- Historical and cultural insights into Greek people, art, architecture, and cuisine
- Special features on the Acropolis, Greek gods and heroes, Greek history, Meteora, and more
- Local writers highlighting lesser-known places
- Greek-language primer with useful words and phrases
- Up-to-date coverage of Athens, Santorini, Mykonos, Crete, Corfu, Rhodes, the Aegean, Sporades and Saronic islands, Delphi, Central Macedonia, Meteora, and the Peloponnese
- 800 Pages
