[QODLink]
Europe
Greece under economic scrutiny
EU backs Athen's plans to cut debt but says it will monitor Greek measures.
Last Modified: 03 Feb 2010 18:15 GMT

 

The European Union has approved Greek efforts aimed at reducing its public deficit of 12.7 per cent, which has weighed the common currency of the euro down.

Athens has pledged a number of austerity measures, including a public salary freeze, a higher retirement age for men and a hike in petrol prices to get its finances back in order.

But the EU has said it will place Greece under economic scrutiny to ensure the country sticks to its measures.

Barnaby Philips reports from Athens.

Source:
Al Jazeera
Topics in this article
Country
City
Organisation
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
China President Xi Jinping's Mongolia visit brings accords in the areas of culture, energy, mining and infrastructure.
An estimated 36 people die each day in embattled town where pro-Russia rebel separatists fight Ukrainian soldiers.
People are starving in southern Somalia while relief efforts are blocked by government and rebel fighting.
Some scientists say authorities in favour of nuclear energy tend to deny the negative results of researchers.
Report on child sex abuse in British Asian community highlights issues that may affect the entire nation.
join our mailing list