Greece prepared to turn to IMF

Article reports that Greece is prepared to turn to the International Monetary Fund for help if its European neighbours fail to provide the financial assistance it wants after announcing on the 3 March 2010 the toughest spending cuts in decades in its 3rd Austerity Plan of 2010.

The Greek government was said to be braced for another wave of strikes after it imposed a freeze on pensions on the 3 March 2010, further cuts in public sector pay and increases in value-added tax and duties on fuel, alcohol and cigarettes.

Kathimerini, 3.3.10: The issue, stated in plain words (editorial) http://www.ekathimerini.com/4dcgi/_w_articles_columns_100019_03/03/2010_115325

ESO: Background information: EU calls on Athens to control debt / Greece to unveil fresh austerity package http://www.europeansources.info/record/eu-calls-on-athens-to-control-debt-greece-to-unveil-fresh-austerity-package/

Kathimerini, 3.3.10: Living on borrowed time http://www.ekathimerini.com/4dcgi/_w_articles_politics_100002_03/03/2010_115333

BBC News, 3.3.10: Greece backs new round of tax rises and spending cuts http://news.bbc.co.uk/1/hi/world/europe/8546589.stm

Spiegel Online International, 3.3.10: Athens Turns Screws on Civil Servants as EU Hints at Help http://www.spiegel.de/international/europe/0,1518,681519,00.html

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