Country Forecast

January 2012
Political Risk Yearbook: Greece Country Report;2012, p3
Country Report
The article presents information on the political and economic status of Greece as of August 2011. It highlights the approval of additional austerity measures in June 2011 which was driven by a key condition for a second package of bailout loans from the European Union and the International Monetary Fund. It expects continued laboring under fiscal austerity due to the absence of an economic rebound. It links renewed tensions with another round of tax hikes and spending cuts.


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