Greece pledges to meet targets next year

Article reports that Greece pledged to raise value added tax rates, freeze pensions and cut government waste further in 2011 to meet the terms of a European Union-IMF bail-out after admitting in November 2010 that it will miss 2010 targets.

The Greek government unveiled an austerity budget for 2011 on the 18 November 2010 that aimed to cut its 2011 public deficit to 7.4% of the nation's annual economic output or GDP.

BBC News, 18.11.10: Greece unveils austerity budget http://www.bbc.co.uk/news/business-11786938

Deutsche Welle, 19.11.10: Greece pledges bigger cuts to make EU targets http://www.dw-world.de/dw/article/0,,6247711,00.html

ESO: Background information: The Greek debt crisis of 2010 http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: Greece to unveil budget after cuts pledge http://www.europeansources.info/record/greece-to-unveil-budget-after-cuts-pledge/

Kathimerini, 19.11.10: PM faces resistance on DEKO cuts http://www.ekathimerini.com/4dcgi/_w_articles_politics_100002_19/11/2010_121281

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