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Tag Archives: IMF report

(UPD) Athens Stock Exchange Down Despite Eurogroup Deal

The Eurogroup meeting is over, Greece is saved. So why does the Athens Stock Exchange experienced bad day? Why did the General Index plunged below the 800 units, and recorded a 3.47% and banks went down -10%? It is because of this International Monetary Fund report claiming that Greece may need …

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IMF’s Greece Report: No New Taxes But New Austerity Package

A new chapter of a hell 0f austerity is ahead for Greeks as the International Monetary Fund (IMF) recommends new austerity measures. Even if IMF’s point of view is that  Greece has reached its limit in raising taxes,  the proposed spending cuts that it will translate into salaries and pensions decreases …

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