Greece is expected on Monday to resist pressure for an immediate tightening of its current austerity package as it fights to win back the confidence of investors and its EU neighbours. Germany and the ECB have pushed Athens to boost its existing fiscal stability plan with steps such as a 1-2% increase in value-added tax in return for financial help. But Athens wants to postpone any decision on further measures until mid-March when officials from the EU, ECB and IMF are due to review its deficit-cutting plans.

This entry was posted by Gwen Robinson on Monday, February 15th, 2010 at 5:08 and is featured in The 6am Cut London (15 Feb 2010) . Tagged with ecb, eu, Greece, IMF. Edit this entry.