Greece Budget

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  Greece Passes 'Tough' Austerity-Extending 2016 Budget

  Greek lawmakers approved a "tough" 2016 budget early Sunday, forecasting near zero growth for 2015 and a small contraction next year for the debt-ridden country in its sixth year of austerity.

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  Greece Agrees Fiscal Targets With Creditors En Route to Bailout Deal

  Greece and its creditors early Tuesday reached an agreement on fiscal targets for the debt-ridden nation, staying on course for a bailout deal to avert an August 20 default..

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  On Reform, Europe Asks Greece to Go Where Many Fear to Tread

  Greece's new bail-out deal imposes a stiff dose of budget rigour and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters.

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  Greek Offer to Creditors Stirs Angry Backlash at Home

  Euro zone leaders welcomed new budget proposals from Athens on Monday as a basis for further negotiations to unlock billions of euros in frozen aid and avert a default that could trigger a Greek exit from the single currency area.

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  Sensex Heads for Longest Winning Streak in Nearly Five Months

  Risk-on sentiment in global markets also aided local shares after Greece's latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week.

• Greece Repays First Part of IMF Loan Due in March

  Greece repaid on Friday the first 310 million-euro instalment of a loan from the International Monetary Fund (IMF) that falls due this month, as it scrambles to cover its funding needs.

• New general strike hits Greece

  A general strike hit Greece on Wednesday, paralysing public services and disrupting transport as EU-IMF auditors worked to finalise the recession-hit country's next budget, looking to eliminate a fiscal shortfall that could bring more unpopular cuts.

• Is the India story in trouble? Amartya Sen, Montek Singh discuss: Full transcript

  Ahead of the Union Budget 2013, Dr. Prannoy Roy speaks to Nobel laureate Amartya Sen and Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, on the India growth story. Here is the full transcript of the interview:

• EU leaders strike deal on long-term austerity budget

  European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession.

• Greece imposes spending controls to appease lenders

  Greece approved laws on Monday to enforce budget targets and ensure privatisation proceeds are used to pay off debt, seeking to appease foreign lenders before a critical meeting of euro zone finance ministers.

• Greek Parliament approves austerity budget to prevent bankruptcy

  Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt.

• Greece passes 2013 austerity budget

  Greek lawmakers approved the country's 2013 austerity budget early on Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt.

• Greek 2013 Budget sees 6th year of recession

  The government unveiled a tough austerity budget after Finance Minister Yannis Stournaras met the so-called "troika" of International Monetary Fund, European Commission and European Central Bank inspectors, whose approval is vital to unlock the next slice of aid, urgently needed to avoid bankruptcy.

• Budget breather for Greece would spur economic recovery: Report

  Finance ministry officials in Greece have calculated that the debt-stricken country's economy will recover faster and its debt be more sustainable if it is given two more years to reduce its budget deficit, a Greek newspaper reported on Saturday.

• Greek PM to meet euro leaders, seeking budget leeway

  Greece has yet to nail down the requested austerity package.