Wednesday, January 6, 2010

Greece Rejects Bailout Speculation as EU Officials Arrive

Greece's government is trying ways and means to reduce its budget deficit. Currently, the measures that they will take are listed below:

-- Reduction of civil servants bonuses
-- One-time taxes
-- Cutting down on tax evasion

There is some conflicting statements made by the EU members. One member believes that EU will reach into its members' wallets to save Greece, but some believe that this will not be so.

Greece's Finance Minister believes that no help will be needed and that everything is on the right track.

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