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Greek austerity measures News

Op-Ed: Greek bonds rally but economy is in terrible shape

Athens - The Greek government bond market rallied recently as the bonds were upgraded by rating agency Standard and Poor. The European Central Bank(ECB) announced that it would accept Greek government debt as collateral for routine lending operations.
In the Media by Ken Hanly

Protests to be banned in Athens as EU finance ministers meet

Athens - Athens will ban protests on Tuesday and Wednesday when the capital will host a meeting of European Union finance ministers. Authorities claim the ban is necessary for security reasons.
In the Media by Ken Hanly

Greece: Latest austerity measures cut top rate of tax

Athens - The three coalition party leaders have reached a basic agreement on the latest round of austerity measures to present to the Troika, due back in Greece on Sunday. The measures include a reduction in the top rate of tax from 45 to 35 percent.
In the Media by Katerina Nikolas

Op-Ed: Thousands of Greeks protest austerity measures

Thessalon - Thousands of Greeks mount protests at new austerity measures imposed to meet terms of the bailout provisions imposed by the Troika
In the Media by Ken Hanly - 1 comment

Op-Ed: Europe's ‘austerity’ backlash means trouble for the world

Sydney - France and Greece have shown clearly how the public reacts to “austerity”. The maniacal targeting of the poor and total disregard for public welfare in Greece has demolished the two main parties there. France has answered austerity with venom.
In the Media by Paul Wallis - 14 comments

Mobile Social Kitchen Feeds the Hungry in Athens

Athens - A mobile social kitchen in Athens attempts to feed the growing number of hungry people. Placing themselves in a different square daily, they carry all their equipment by car and set up in a different location each day.
In the Media by Jeffrey Andreoni

Greece retail federation: 68,000 small businesses closed in 2011

As Greece waits to hear her fate over the next tranche of loans that will stall default, the Greek retail federation states that more than 68,000 small businesses have closed down this year, with another 53,000 closures anticipated before the year end.
In the Media by Katerina Nikolas

Greek Prime Minister to take symbolic pay cut as taxes rise again

In a measure to fill the Greek coffers the Prime Minister will lose one month's salary, along with all elected officials. As they make their symbolic gesture the Greek population will endure a new property tax despite facing hard austerity measures.
In the Media by Katerina Nikolas
 

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