Scepticism over Greece debt plan

Greece struggles to regain credibility in Europe with three-year plan to cut spending.

     

    Greece's financial problems have been causing a great deal of concern across the eurozone because the country is suffering from a budget deficit that is four times the EU limit.

    The European Commission can impose fines on Greece, but such a step could only worsen the nation's financial woes.

    In an ambitious effort to reduce its debt, Athens has submitted a plan to the EC that promises to tackle the problem through spending cuts over a three-year period.

    Al Jazeera's Barnaby Phillips reports from the Greek capital, where analysts are sceptical that the government's plan will succeed.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Meet the hardline group willing to do anything, including going against their government, to claim land for Israel.