The European Union's executive says Greece is "broadly on track" with budget cuts and economic reforms, linked to the 110 billion US dollar bailout from EU nations and the International Monetary Fund.
A report by the EU says Greek efforts are "positive", but warned there're a number of areas where Greece could run into trouble. It says inflation is "markedly higher" than the government expects, and its government revenues were below expectations.
- Greece's new pension reform bill 2010-07-07
- Greece can bounce back in 2 years 2010-07-07
- Greece's budget deficit dropped by 41% in first six months 2010-07-06