{"id":1209,"date":"2010-03-04T18:20:11","date_gmt":"2010-03-04T16:20:11","guid":{"rendered":"http:\/\/hardouvelis.gr\/?p=1209"},"modified":"2023-08-02T13:52:05","modified_gmt":"2023-08-02T10:52:05","slug":"quotes-article-athens-hopes-deep-cuts-will-restore-confidence","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/quotes-article-athens-hopes-deep-cuts-will-restore-confidence\/","title":{"rendered":"\u03a3\u03c7\u03cc\u03bb\u03b9\u03b1 \u03c3\u03c4\u03bf \u03ac\u03c1\u03b8\u03c1\u03bf &#8220;Athens hopes deep cuts will restore confidence&#8221;"},"content":{"rendered":"<p><strong>\u03a3\u03c7\u03cc\u03bb\u03b9\u03b1 \u03c3\u03c4\u03bf \u03ac\u03c1\u03b8\u03c1\u03bf &#8220;Athens hopes deep cuts will restore confidence&#8221;<\/strong><br \/>\nFinancial Times<br \/>\n<em>4 \u039c\u03b1\u03c1\u03c4\u03af\u03bf\u03c5 2010<\/em><\/p>\n<h3>Abstract:<\/h3>\n<p>Government officials in Athens were arguing last night that Greece&#8217;s new fiscal efforts were, at least on some measures, larger than those of Ireland &#8211; seen since last year as the pace-setter on deficit-cutting measures among the crisis-hit countries of the eurozone.<\/p>\n<p>In Greece, yesterday&#8217;s measures will lead to cuts in government nominal wages and allowances of about 8 per cent. With Greek inflation seen at 1.5 to 2 per cent, the hit in purchasing power will be equivalent to a 10 per cent drop, officials said.<\/p>\n<p>The Irish wages were cut by about 7 per cent on average in the first year but faced deflation of 4.5 per<br \/>\ncent, softening the blow on purchasing power, they added.<\/p>\n<p>The comparison with Ireland underlines the significance of yesterday&#8217;s package, the toughest in decades, and reflects how confident bankers and analysts in Greece are that the new measures will help reduce the budget deficit and restore confidence in the government&#8217;s ability to put public finances in<br \/>\norder.<\/p>\n<p><a href=\"http:\/\/hardouvelis.gr\/wp-content\/uploads\/2017\/12\/Financial-Times-FT-1.pdf\" target=\"_blank\" rel=\"noopener\">Download article<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u03a3\u03c7\u03cc\u03bb\u03b9\u03b1 \u03c3\u03c4\u03bf \u03ac\u03c1\u03b8\u03c1\u03bf &#8220;Athens hopes deep cuts will restore confidence&#8221; Financial Times 4 \u039c\u03b1\u03c1\u03c4\u03af\u03bf\u03c5 2010 Abstract: Government officials in Athens<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8,17],"tags":[3247,3248],"yst_prominent_words":[349,476,2008,522,652,1504,90,2010,1760,2009,919,2013,2007,651,2014,2012],"class_list":["post-1209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-articles","category-quotes","tag-quotations","tag-sxolia"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/1209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/comments?post=1209"}],"version-history":[{"count":1,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/1209\/revisions"}],"predecessor-version":[{"id":1211,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/1209\/revisions\/1211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media?parent=1209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=1209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=1209"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=1209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}