Posts Tagged ‘European Monetary Fund’
Greece at standstill again in third general strike
Crisis-hit Greece has come to a standstill again today after workers staged the third general strike in as many weeks.
The further strike comes after austerity measures to rescue Greece’s debt-stricken economy angered Greek trade unions.
Greece is currently taking action to reduce its public deficit from 12% to 8% of GDP this year.
The country currently [...]
European version of the IMF being considered
As a result of the Greek debt crisis, the euro zone may get its own version of the International Monetary Fund (IMF), the EU said today.
The proposed institution, which could be known as the European Monetary Fund (EMF), is being considered to prevent a repeat crisis but would not be set up to organise a [...]