| Author (Person) | Barber, Tony |
|---|---|
| Series Title | Financial Times |
| Series Details | 12.12.09 |
| Publication Date | 12/12/2009 |
| Content Type | News |
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Greece is in the throes December 2009 of the most serious fiscal emergency to strike the eurozone since the single currency’s launch in 1999. George Papandreou, Greece’s Prime Minister, acknowledged to his fellow European Union leaders on the 10 December 2009 that the Greek public sector was riddled with corruption. Mr Papandreou’s baring of the national soul capped a tumultuous week in which Greece’s creditworthiness was downgraded, its stock market plunged, the interest rate on its debt soared and even its survival in the eurozone was questioned. Mr Papandreou indicated that his government would attempt to revive Greece’s economy by stamping out corruption rather than cutting back on public sector salaries and levying more taxes on the middle class. |
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| Countries / Regions | Greece |
