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Europe Daily Bulletin No. 10510

7 December 2011
SOVEREIGN DEBT CRISIS / (ae) greece
New austerity budget for 2012

Brussels, 06/12/2011 (Agence Europe) - In the evening of Tuesday 6 December, Greece issued yet more austerity measure for 2012 in order to display the government's commitment to meet its public spending with regard to its foreign creditors, the European Union and the International Monetary Fund (IMF).

Greece is being forced to introduce a draconian budget of cuts and austerity for the third year in a row in the hope of cutting the public deficit to 5.4% next year. The 2012 budget will cut...

Contents

A LOOK BEHIND THE NEWS
SOVEREIGN DEBT CRISIS
ECONOMY-FINANCE-BUSINESS
SECTORAL POLICY
SOCIAL AFFAIRS
EXTERNAL ACTION
COURT OF JUSTICE