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IAI and Boeing drive to active Arrow-3
ATHENS, Greece, July 26 (UPI) -- Greek Finance Minister George Papaconstantinou said austerity measures in the country were on track to allow for a second allocation of international loans.
Greece has made a series of austerity budget moves to qualify for debt-reducing loans put together by the European Union and the International Monetary Fund. However, the IMF recently cited concerns with budgets for various programs, including healthcare and public transportation, the EUobserver reported Monday.
The IMF recommends privatization of several state-owned businesses, such as the railway system, which has lost money for years.
IMF, EU and European Central Bank officials are scheduled for a visit to Athens to scrutinize the country's budget this week.
The second funding tranche is set at about $11.6 billion.
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BEIJING, Feb. 7 (UPI) --
China could face power supply outages this year due to a shortage of coal, warned China's Electricity Council.
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NEW YORK, Feb. 7 (UPI) --
Global aerospace and defense business reached record levels in 2011, up from $22 billion in 2010 to $44 billion, despite fears it could turn out to be a bad year overall for the industry, latest data indicated.
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Have lenders turned the corner on lending standards in response to public and marketplace pressure?...
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A deal on mortgage relief for homeowners caught up in a paperwork scandal is close to complete, officials are saying.
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