Analysts wary of Greece’s debt crisis plan
A group of financial analysts in the United States have announced that the US economy is on a sustainable path to recovery, but it will take some time before unemployment figures return back to normal.
In Greece, however, financial woes have been causing a great deal of concern across the eurozen because the country is suffering from a budget deficit that is four times the EU limit.
The European Commission can impose fines on Athens, but such a step could only worsen Greece’s financial problems.
In an ambitious effort to reduce their debt, the country has submitted a plan to the commission that promises to tackle their debt downgrade with spending cuts over a three-year period.
Al Jazeera’s Barnaby Phillips reports from the Greek capital where analysts are sceptical that plans will succeed.
Jan 15, 2010
Duration : 0:2:33
Greek PM in Berlin for debt talks
Greece has witnessed its most serious unrest over its economic crisis, as the country’s parliament passed an austerity package to help tackle the government’s huge debts.
The clashes in Athens broke out as George Papandreou, the Greek prime minister, visited Berlin and held talks with Angela Merkel, the German prime minister.
Nadim Baba reports from Berlin.
(March 5, 2010)
Duration : 0:2:27
Greece’s brief holiday from economic troubles
The eurozone nations have given Greece 30 days to show that they are serious about making big cuts in the their government finances.
They fear the country’s massive debts could spread further if the damage is not contained.
But for ordinary Greeks it will mean further pain, in the form of lower wages and higher taxes.
Barnaby Phillips reports from Athens on how people are using a public holiday to forget their worries – however briefly.
February 16 2010
Duration : 0:2:22