Greece’s Papandreou Vows to Move Ahead With Austerity Steps

What could be the Greece futur? Economic damage link to the world Crisis and financial debt still made down step the économic country.

Biggest opposition party leader, Antonis Samaras, rejected new austerity plan.
After a package, with the additional 6 billion euros from European Union and the 50 billion euros of state-asset sales, may be Greece will see a speed économic revival.

Complete article By Maria Petrakis and Natalie Weeks
"Greek Prime Minister George Papandreou said he’ll press ahead with new austerity measures after failing to win backing from the main opposition parties as he races to keep bailout funds flowing and avoid default.

Antonis Samaras, leader of Greece’s biggest opposition party, New Democracy, rejected the plan at a meeting with Papandreou and other opposition leaders in Athens, saying his party wouldn’t be blackmailed. Papandreou said he will go ahead with the measures even while continuing to seek support and ruled out early elections.(...) The wage cuts and tax increases Papandreou has imposed under a 110 billion-euro bailout last year have prompted strikes and protests, complicating efforts for compromise on the new plan.

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U.S. Debt Limit Increase Deal May Take Until August, Ryan Says

A congressional agreement to increase the U.S. debt limit and reduce federal spending may take until August, the Republican chairman of the U.S. House Budget Committee said.

“I think there will be a deal. It will probably take a while. Look, we have to August,” Representative Paul Ryan, a Wisconsin Republican, said on NBC’s “Meet the Press.”

The U.S. Treasury Department has said Congress must raise the $14.3 trillion debt ceiling by Aug. 2 to avoid the government defaulting on its loans.
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Article link, U.S. Debt Limit Increase Deal May Take Until August, Ryan Says