Greece takes action on debt stand-off

The Greek government announced on the 11 September 2011 that it would impose a two-year property tax to raise €2bn in 2011, closing a €1.7bn budget gap that the European Union and International Monetary Fund said must be resolved or they would stop making bail-out payments.

ESO: Background information: ECB resignation hits global markets / Germany nominates Asmussen to succeed Stark http://www.europeansources.info/record/ecb-resignation-hits-global-markets-germany-nominates-asmussen-to-succeed-stark/

ESO: Background information: Greece vows to avoid default at all cost http://www.europeansources.info/record/greek-pm-to-give-key-speech-amid-hostility-greece-vows-to-avoid-default-at-all-cost/

European Commission: RAPID: MEMO/11/592: Statement of Commissioner Rehn on Greece http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/592&format=PDF&aged=0&language=EN&guiLanguage=en

Kathimerini, 11.9.11: Gov’t heralds tough new measures http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_24201_11/09/2011_405791

ESO: Background information: German Finance Minister Prepares for Possible Greek Bankruptcy http://www.europeansources.info/record/german-finance-minister-prepares-for-possible-greek-bankruptcy/

Ta Nea, 13.9.11: A tragic farce (via PressEurop) http://www.presseurop.eu/en/content/article/945071-tragic-farce

Kathimerini, 12.9.11: Union vows to block new tax on property http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_7347_12/09/2011_406012

Kathimerini, 12.9.11: Government adopts partial payments freeze http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_29035_12/09/2011_406016

Spiegel Online International, 13.9.11: Greeks Vow to Rebel Against New 'Monster Tax' http://www.spiegel.de/international/europe/0,1518,785993,00.html

Eleftherotypia, 12.9.11: Is more belt-tightening worth it? (via PressEurop) http://www.presseurop.eu//en/content/news-brief-cover/939231-more-belt-tightening-worth-it

EUObserver, 12.9.11: Greece unveils fresh cuts as euro pessimism spreads http://euobserver.com/19/113582

---