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Greek banks reopen: Cash limits remain, taxes soar

...deficit has been reduced dramatically, the country's debt burden has actually risen to around 180 percent of Greece's annual GDP as the country's economy contracted around 25 percent.The higher taxes formed a key plank of last week's bailout agreement...

http://juneauempire.com/not-web/2015-07-21/greek-banks-reopen-cash-limits-remain
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Clashes break out as Greek lawmakers debate austerity bill

...released late Tuesday, the IMF said Greece's debt was now "highly unsustainable" and would reach "close to 200 percent of GDP in the next two years."On Wednesday, the European Union's executive Commission echoed that analysis, saying there are...

http://juneauempire.com/not-web/2015-07-16/clashes-break-out-greek-lawmakers-deb
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Miller would help build prosperous nation

The United States holds a debt-to-GDP ratio of 94 percent. In addition, GDP cannot be entirely devoted to debt repayment; some must be spent on survival needs. When we reach 100 percent, we will be in the same sinking boat as Greece. How...

http://www.juneauempire.com/stories/102210/let_724421025.shtml
Opinion
Talks with skeptical creditors resume

...restructuring of Greek debt, which stands at around 320 billion euros, or a staggering 180 percent or so of the country's annual GDP. Few economists think that debt will ever fully repaid. Last week, the International Monetary Fund said a restructuring was...

http://juneauempire.com/not-web/2015-07-12/talks-skeptical-creditors-resume
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...contribution to the Greek economy was more than $32 billion in 2014, accounting for just over 17 percent of the country's GDP.As such, the Greek National Tourist Board is taking steps to reassure tourists that their credit cards and bank cards will...

http://juneauempire.com/not-web/2015-07-08
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Greece gets until Sunday for proposals

...lower interest rates on their loans to Greece. Many economists say that Greece's debt burden, at almost 180 percent of annual GDP, is unsustainable for a country its size.Normal commerce is now impossible in Greece. Small businesses, lacking use of credit...

http://juneauempire.com/not-web/2015-07-08/greece-gets-until-sunday-proposals
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Greece in the red as bailout ends

...would also involve unspecified discussions on Athens's massive debt load of over 300 billion euros, or around 180 percent of GDP. The Greek side has long called for debt relief, saying its mountainous debt is unsustainable.A Greek government official...

http://juneauempire.com/not-web/2015-07-01/greece-red-bailout-ends
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Greece strikes deal, avoids chaotic euro exit

...restructure its debt, which is unsustainably high at around 320 billion euros ($352 billion), or around 180 percent of its annual GDP.Since 2010, Greece has received two bailouts totaling 240 billion euros ($268 billion) in return for deep spending cuts...

http://juneauempire.com/not-web/2015-07-14/greece-strikes-deal-avoids-chaotic-eu
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Earn your pay

...that the economy will continue to recover slowly, with real GDP growing by 2.0 percent this year and 1.1 percent next year...CBO says debt held by the public would rise to 94 percent of GDP in 2022 - the highest figure since just after this financially...

http://juneauempire.com/opinion/2012-02-06/earn-your-pay
Opinion
Red tape rising: 2010's record flood of regulation

...43 major rules that will cost Americans a whopping $26.5 billion annually - the highest amount on record and more than the GDP of some 90 countries. This torrent of regulation would be problematic under any circumstances. But it is particularly detrimental...

http://www.juneauempire.com/stories/110110/opi_729241946.shtml
Opinion

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