| Author (Person) | Kontogiannis, Dimitris |
|---|---|
| Series Title | Financial Times |
| Series Details | 22.9.11 |
| Publication Date | 22/09/2011 |
| Content Type | News |
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The Greek government unveiled on 21 September 2011 drastic new austerity measures including big cuts to pensions and public sector salaries in a bid to satisfy the demands of its international lenders and secure the next bailout tranche of €8bn. The measures – which included spending cuts, income tax increases and the acceleration of structural reforms – were likely to prove deeply unpopular and would weigh on an economy already expected to contract by about 5% in 2011. |
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| Countries / Regions | Europe, Greece |
