Connect your Digital Journal account with Facebook to use this feature.

Connect

Facebook launch new 'Camera' app, with a catch

Op-Ed: National Enquirer — Wife leaves cross-dressing John Travolta

Jimmy Kimmel offers to mediate in Pacquiao-Mayweather fight

325513,325500,325506

Arts Auto Business Crime Entertainment Environment Food Health Internet Lifestyle Odd News Politics Religion Science Sports Technology Travel World

European Union economics News

Op-Ed: Economic tyranny — Wage, pension cuts while Greece burns

Sydney - Greece has passed its much-hated EU and IMF-dictated austerity package, which includes the oppressive requirement for a 22% cut to the minimum wage and pension cuts. The likely result will be a drastic lowering of the living standards of the Greeks.

In the Media by Paul Wallis - 16 comments

apis-170770

Set up a news alert for

European Union economics

European Union economics Headlines

Swiss feel Europe's pain

Despite not being in the eurozone or even the European Union, Switzerland, says it is still being hit by Europe's economic woes.

Call for IMF funds from UK and US

The US and UK should provide more cash to the IMF, the European Union's Economic Commissioner, Olli Rehn, says.

Greek cabinet approves new austerity bill

The Greek cabinet on Friday approved a draft bill that would clear the way for further austerity and economic reforms that are a condition of a new €130 billion ($172 billion Cdn) bailout by the European Union and the IMF needed to avoid a disorderly default.

VIDEO: Behind the scenes of a Greek tragedy

As the European Union and International Monetary Fund continue to demand austerity measures, Newsnight's Economics editor Paul Mason reports on how struggling Greeks are turning their backs on the state and the political class.

Euro ministers plead for Greece to stay with cuts

Leading European Union finance officials have pleaded with Greece not to renege on its bailout terms and to stay the course of its painful austerity program to prevent even worse economic hardship.