Athens’ refusal to further austerity intensifies standoff over €86bn aid package that requires government to implement economic reforms[br]The standoff between Greece and its creditors has escalated,with the embattled Athens government vowing it will not give in to demands for further cuts as data showed the country’s economy unexpectedly contracting.
As thousands of protesting farmers rallied in Athens over spiralling costs and unpopular reforms, the Hellenic statistical authority revealed that Greek GDP shrank by 0.4% in the final three months of 2016. Continue reading...
Source: theguardian.com