Military spending
Experts have warned
Greece's new, radical left wing government not to make further cuts to the
country's defense budget, claiming there is very little left to trim following
years of biting economic downturn.
Greece's Syriza party won elections in Greece on Jan. 25 with promises
to reverse five years of state staff lay-offs, tax hikes and wage cuts blamed
for devastating the Greek economy.
The austerity measures were imposed by the International Monetary Fund
and European Union in 2010 in return for a massive €240 billion (US $272
billion) bail out designed to help Greece tackle interest payments on its debt
pile, worth €320 billion.
No comments:
Post a Comment