Athens heralds bailout agreement

Greece said on the 30 October 2012 that it had wrapped up talks with international lenders in the Troika on a new bailout deal despite objections by a small leftwing party, opening the way for the Greek parliament to approve the package and secure €31.5bn in fresh funding.

Separately, Yannis Stournaras, Greece's Finance Minister, delivered his 2013 budget on the 31 October 2012, forecasting a continuing deep recession and only a modest decline in the general government deficit.

Greece's two biggest trade unions called a 48-hour strike for 6-7 November 2013 to protest against the latest wave of austerity measures demanded by foreign lenders set to be voted in parliament in the week beginning 4 November 2012.

ESO: Key source: The Greek Debt Crisis http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

ESO: Background information: Greeks fail to agree on bailout terms http://www.europeansources.info/record/greeks-fail-to-agree-on-bailout-terms/

BBC News, 30.10.12: Greece reaches austerity accord http://www.bbc.co.uk/news/business-20141852

Kathimerini, 30.10.12: PM says negotiations with troika are over http://ekathimerini.com/4dcgi/_w_articles_wsite1_1_30/10/2012_467937

Deutsche Welle, 30.10.12: Greece reaches deal with creditors on austerity drive http://www.dw.de/greece-reaches-deal-with-creditors-on-austerity-drive/a-16343239

BBC News, 31.10.12: Greece recession and debt problems even worse http://www.bbc.co.uk/news/business-20153875

Kathimerini, 31.10.12: Greek labor unions call general strike for November 6 and 7 http://ekathimerini.com/4dcgi/_w_articles_wsite1_1_31/10/2012_468068

Ta Nea / To Ethnos / To Vima, 2.11.12: Chaotic countdown to bailout or bankruptcy (via PressEurop) http://www.presseurop.eu/en/content/news-brief/2986481-chaotic-countdown-bailout-or-bankruptcy

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