Greece defies creditors over more cuts as economy shrinks unexpectedly
(The Guardian Greece)

Athens´ refusal to further austerity intensifies standoff over EUR86bn aid package that requires government to implement economic reformsThe standoff between Greece and its creditors escalated on Tuesday 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 last three months of 2016. Continue reading...