| Author (Person) | Fox, Benjamin |
|---|---|
| Series Title | EUObserver |
| Series Details | 15.11.13 |
| Publication Date | 15/11/2013 |
| Content Type | News |
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While Ireland and Spain received praise from the EU in November 2013 as they announced plans to exit their bailout programmes, Greece was cast as the villain of the piece at a meeting of euro finance ministers on the 14 November 2013. Greece was expected to return to economic growth in 2014 after six years of recession, which had wiped out more than 25% of economic output. But momentum had stalled according to the autumn 2013 review of Greece's programme by Troika officials representing the country's creditors - the European Commission, International Monetary Fund, and the European Central Bank. Eurozone finance ministers pressed Greece to speed up structural reforms and continue fiscal consolidation and privatisation to unblock more of the international loans that keep it afloat. EUObserver reported on the 21 November 2013 that Greece's 2014 budget was set to hit the statute book without the approval of the country's creditors, after the country's government tabled its spending plans to the Greek parliament. |
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| Source Link | Link to Main Source http://euobserver.com/news/122115 |
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| Countries / Regions | Europe, Greece |
