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| GCC Press Agencies |
| Day's main stories from the GCC Press Agencies |
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| Bahrain | Kuwait | Oman | Qatar | Saudi Arabia | United Arab Emirates |
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| Greek PM: Painful cuts will restore credibility | |
| Date : September 09, 2012 |
THESSALONIKI, Greece, Shawwal 21, 1433, Sep 8, 2012, SPA -- Greek Prime Minister Antonis Samaras insisted Saturday that the latest package of deep spending cuts, which will once again affect wages and pensions, will be the last, but he also defended the measures as necessary to restoring his country's financial credibility, AP reported.
The government has endorsed the austerity measures to keep receiving funds from the so-called "troika" of creditors - the European Commission, the European Central Bank and the International Monetary Fund. Adoption of the package is necessary for the release of a long-delayed Euro 31 billion ($39.39 billion) rescue loan installment, without which Greece will be forced to default on its loans and may have to quit using the euro.
"We are now applying the spending cuts (to which) the country had committed itself to reduce its debt, cutting the deficit by Euro 11.5 billion ($14.7 billion)," Samaras said while opening the 77th International Trade Fair in this northern Greek city. "But I'm telling you these will be the last such cuts."
The new austerity measures are to be implemented over two years - 2013-14. But with Greece now in the fifth year of a deep recession that has seen its economy shrink by about 20 percent and the jobless rate soar to 24.4 percent in June, people are wary of any new cuts.
A variety of groups staged protest marches against Samaras on Saturday.
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| EU Appoints Head of Bulgarian Diplomacy for its Mission in Libya |
| Source : Saudi News Agnecy |
| Date : May 22, 2013 |
| Brussels, Rajab 11, 1434, May 21, 2013, SPA -- In a statement released here today, the |
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| Airline sends couple to wrong continent |
| Source : Saudi News Agnecy |
| Date : May 22, 2013 |
| DAKAR, Senegal, Rajab 11, 1434, May 21, 2013, SPA -- A California couple taking a trip |
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| Russian Duma approves blasphemy law in response to Pussy Riot |
| Source : Saudi News Agnecy |
| Date : May 22, 2013 |
| Moscow, Rajab 11, 1434, May 21, 2013, SPA -- Russia's State Duma Tuesday voted by a |
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| Women get amnesty as Nigeria ponders anti-terror moves |
| Source : Saudi News Agnecy |
| Date : May 22, 2013 |
| Kano, Nigeria, Rajab 11, 1434, May 21, 2013, SPA -- Nigerian President Goodluck Jonathan has ordered |
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| German prosecutors refuse to take up 1944 Nazi massacre in Italy |
| Source : Saudi News Agnecy |
| Date : May 22, 2013 |
| Stuttgart, Rajab 11, 1434, May 21, 2013, SPA -- An investigation into a 1944 Nazi massacre |
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| Oklahoma twister a top-of-the-scale EF-5 |
| Source : Saudi News Agnecy |
| Date : May 22, 2013 |
| MOORE, Okla., Rajab 11, 1434, May 21, 2013, SPA -- The National Weather Service said the |
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| Struggling Spain offers engineers to Brazil |
| Source : Saudi News Agnecy |
| Date : May 22, 2013 |
| BRASILIA, Brazil, Rajab 11, 1434, May 21, 2013, SPA -- Spain's development minister is urging Brazil |
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