Subscribe to the BlogGreece which is in a big financial crisis now is slated to bring down their budget deficit by sticking to stringent cost cutting measures and increase tax rates. The European authorities are of the opinion that these measure would not ensure them achieve their targeted rise in budget balance.
The Prime Minister of Greece is said to have met Deutsche Bank AG chief executive. The meeting has been discuss solution to Greece's debt. Greece may seek assistance from Germany and France to face the crisis.
The EU has advised the Greece officials to cut down on the bonus month of pay , which the Greek government is resisting