Wednesday, 3 March 2010

Greece announces Austerity measures

The Euro has been catching a bid on the back of news on reuters:
• RTRS-GREEK CABINET DECIDED ON EXTRA AUSTERITY MEASURES OF 4.8 BLN EUROS- GOVT SOURCE 09:00GMT
• RTRS-GREEK CABINET DECIDED TO RAISE VAT TAX BY 2 PCT POINTS TO 21 PCT- SOURCE
• RTRS-GREEK CABINET DECIDED TO TRIM SALARY BONUSES BY 30 PCT IN 2010- SOURCE
• RTRS-GREEK CABINET DECIDED TO FREEZE STATE PENSIONS IN 2010- SOURCE

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