Wednesday, April 23, 2014 4:55 PM EST

Greece Debt

The country is battling to rein in a bulging government debt that will reach 125% of GDP this year. Policymakers are hoping to reduce the domestic shortfall from 12.7% last year to less than 3% by 2012. To hit the targets, the Greek government plans to freeze civil servant pay, introduce taxes on wealthy estates, and increase tobacco and alcohol levies by 20%. 

Headlines Around the Web

Articles About Greece Debt

Greece Approves 25,000 Public Sector Job Cuts and Transfers [VIDEO]

By IBTimes UK

Prime Minister Antonis Samaras's two-party coalition scrapes through vote. (Jul 18)

MORE TOPICS: IMF, EUROPEAN UNION, EUROPEAN CENTRAL BANK, INTERNATIONAL MONETARY FUND

Greek Workers to Strike as Government to Axe More Jobs and Increase Tax Collection

By IBTimes UK

Workers will go on 24-hour strike as finance minister Yannis Stournaras confirms stricter enforcement of austerity plans. (Jul 11)

MORE TOPICS: IMF, EUROPEAN UNION, EUROPEAN CENTRAL BANK, INTERNATIONAL MONETARY FUND

Greece in Crisis: The Human Fallout of Austerity Measures [SLIDESHOW]

By IBTimes UK

Greece may have secured €6.8bn in aid but more job and spending cuts are on the horizon (Jul 09)

MORE TOPICS: UNEMPLOYMENT, EUROPEAN UNION, EUROPEAN CENTRAL BANK, INTERNATIONAL MONETARY FUND

EU and IMF Give Greece €6.8bn Bankruptcy Lifeline [VIDEO]

By IBTimes UK

Greece still has to administer reforms and slash public sector jobs in order to get full €8.1bn tranche. (Jul 09)

MORE TOPICS: UNEMPLOYMENT, IMF, FIXED-INCOME, EUROPEAN UNION, EUROPEAN CENTRAL BANK, INTERNATIONAL MONETARY FUND

Greece Official: Bailout Chunk Delay is Not the End of the World

By IBTimes UK

Greece can cope without receiving next rescue package tranche on time, says minister. (Jul 03)

MORE TOPICS: IMF, EUROPEAN UNION, INTERNATIONAL MONETARY FUND

Greece Bailout Under Threat from EU Three-Day Austerity Proof Deadline

By IBTimes UK

EU officials say Greece has three days to prove it can deliver on rescue package conditions or face consequences (Jul 02)

MORE TOPICS: IMF, UNEMPLOYMENT, EUROPEAN UNION, INTERNATIONAL MONETARY FUND

Greece set to win more bailout aid, may seek debt relief

By Reuters

Greece received a clean bill of health from its international creditors on Monday, securing more rescue aid and prompting its finance minister to say he would ask for much more debt relief if Athens keeps meeting its bailout targets. (Apr 15, 2013)

MORE TOPICS: IMF, GDP, EUROPEAN CENTRAL BANK, INTERNATIONAL MONETARY FUND

Greece Projected to Witness Recovery in 2014

By IBTimes UK

Following six consecutive years of recession, Greece to record positive growth rate in 2014. (Dec 16, 2012)

MORE TOPICS: GDP, IMF, EUROPEAN UNION, INTERNATIONAL MONETARY FUND

Greek Rescue to Go Ahead As Bond Buyback Hits Target

By IBTimes UK

Buyback cuts Greece’s €63bn debt owned by private investors by a half. (Dec 09, 2012)

MORE TOPICS: EUROPEAN UNION, EUROPEAN SOVEREIGN DEBT CRISIS COVERAGE, UNEMPLOYMENT, IMF, INTERNATIONAL MONETARY FUND

Greece the Most Corrupt Nation in Europe - Transparency International

By IBTimes UK

Transparency International's Corruption Perceptions Index places Greece 94th, below Bulgaria and Romania and the bottom spot in EU. (Dec 05, 2012)

MORE TOPICS: EUROPEAN UNION, AFGHANISTAN, PORTUGAL, GERMANY, HUMAN RIGHTS, JAPAN, SOMALIA