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greek austerity News

Op-Ed: Amid protests Greek parliament passes austerity provisions

Athens - The Greek parliament narrowly approved a "reform" bill that will see thousands lose their jobs and public services cut. Greece recently has seen strikes and protests against the cuts.
In the Media by Ken Hanly - 6 comments

IMF admits it screwed up on Greece

The International Monetary Fund (IMF) has released a report on the Greek bailout which draws the obvious conclusion that it managed to screw up as far as the Greek economy was concerned.
In the Media by Katerina Nikolas - 6 comments

Austerity in Greece having impact on human rights, says UN expert

Athens - That’s the opinion of a United Nations expert who warned yesterday that some of the austerity measures imposed on the Greek economy undermine Greek citizens’ access to jobs, health, water and energy.
In the Media by Robert Myles - 7 comments

Greece: 2 students dead, 2 in coma from carbon monoxide poisoning

Greek austerity has brought yet another tragedy as two students died from carbon monoxide poisoning after using a charcoal grill for warmth. They were unable to afford heating oil, a luxury item in Greece. Two of their friends remain in a coma.
In the Media by Katerina Nikolas - 1 comment

Op-Ed: Majority of Greeks expect 2013 to be worse than 2012

As 2013 dawns a new poll shows the majority of Greeks expect this year to be worse than last, as tough new austerity measures and taxes take effect.
In the Media by Katerina Nikolas - 3 comments

Greeks hand over car registration plates as road tax payment due

As the annual deadline for paying Greek road tax looms on Dec. 31, record numbers are forced to hand in their car registration plates to the tax office as they are unable to afford the tax.
In the Media by Katerina Nikolas - 2 comments

Greece hit by more strikes and protests

Greece is to be hit by yet more strikes and demonstrations in the coming days, in protest against the latest round of austerity measures and labour reforms approved by parliament last week
In the Media by Katerina Nikolas - 1 comment

Greek Parliament votes in new austerity measures

Shortly after midnight the Greek Parliament voted in favour of the latest austerity measures that include drastic cuts and new taxes to the tune of €13.5 billion, and comprehensive changes to the labour laws.
In the Media by Katerina Nikolas

Op-Ed: Austerity — The political bullet headed everyone’s way

Sydney - “Austerity” is a word which first came from the hellishly idiotic mouth of Margaret Thatcher. After years of chronic cronyism and nepotism governments around the world are seeing the start of a long overdue backlash.
In the Media by Paul Wallis - 4 comments

Greek Olympic officials criticised for lavish London spending

London - Greek Olympic officials have been criticized for lavish spending on their London visit, hiring the exclusive Carlton Club for £150,000. In contrast, Greek athletes were asked to return their pocket money if they left the Olympic Village early.
In the Media by Katerina Nikolas - 1 comment

Golden Dawn distributes food to needy Greeks

Athens - Members of Greece's Golden Dawn party distributed food to needy Greeks suffering under austerity measures, on Wednesday. The food was purchased by money received by Golden MPs as parliamentary compensation.
In the Media by Katerina Nikolas - 2 comments

Op-Ed: Greece to propose increasing mandatory military service

Athens - Mandatory military service in Greece may be extended from nine to 12 months, in an effort to reduce government expenditure on professional soldiers.
In the Media by Katerina Nikolas - 1 comment

Merkel: Greek austerity necessary to set example to eurozone

German Chancellor Angela Merkel has admitted that the austerity programme imposed on Greece was necessary as an example to keep the other eurozone countries in line.
In the Media by Katerina Nikolas - 6 comments

Greek President: 'Banks very weak'

Athens - In a run on banks associated with recent elections and government economic insolvency, Greek depositors withdrew €700 million ($898 million) from local banks Monday.
In the Media by Larry Clifton

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

Merkel: 'Greek austerity will bear fruit and EU will survive'

" I do not want to make anything look prettier than it is: Greece still has a tough path ahead, but it has gone a long way," said Angela Merkel, the German chancellor, to the Chech daily newspaper Lidove Noviny at the beginning of this week.
In the Media by Stav Dimitropoulos - 2 comments

Op-Ed: No need for Greek austerity if weapons spending had been slashed

As the Greek people suffer under biting austerity measures, most often considered necessary due to profligate spending and corruption, it is galling to note that austerity could have been avoided if spending on unnecessary weapons had been cut.
In the Media by Katerina Nikolas - 3 comments

Greece: Poets march against austerity

Athens - "The children of Homer" marked Wednesday's World Poetry Day by marching against Greek austerity in Athens. Writers and academics joined poets' marching in a different kind of protest.
In the Media by Katerina Nikolas - 1 comment

Prices in Greece often double the European average

As austerity bites hard in Greece and the price of petrol soars to above €1.80 per litre, it has been reported that consumer prices are up to 116 percent more expensive than in the rest of Europe.
In the Media by Katerina Nikolas - 9 comments

MEP's call Greek Troika locusts, plan alternative Troika

Members of the PES in the European Parliament have likened the Troika, responsible for implementing austerity measures in Greece, to locusts. They have suggested a shadow alternate Troika to offer more constructive proposals to aid Greece.
In the Media by Katerina Nikolas

Greek elections coming in April

The Greek government has confirmed that elections will be held in April but has not yet set an exact date. An official announcement is expected on Thursday.
In the Media by Marlene de Wilde

Greek austerity package agreed with Troika to secure bail loan

Athens - Greek politicians have finally reached an agreement on new austerity measures demanded by the Troika in order to secure the 130 billion Euro loan needed to prevent a disorderly default in March.
In the Media by Katerina Nikolas - 1 comment

Troika demands Greece raises another 2 billion euros in austerity

Athens - Ekathimerini has reported sources revealed that the Troika inspectors have demanded that Greece find another two billion in the first three months of 2012.
In the Media by Katerina Nikolas
 

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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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Greece: Dissatisfaction with the banking industry stands at the heart of the protests. Hans-Werner S...
Greece: Dissatisfaction with the banking industry stands at the heart of the protests. Hans-Werner Sinn, the head of Ifo, a top German economic think tank, warns that the money will only help international banks -- not the Greeks. He argues that Greece can only solve its crisis if it quits the euro.
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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
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Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
Protesters during an anti-austerity demonstration outside the Greek Parliament in Athens
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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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Photos from Saturday s demonstration outside the Parliament.
Photos from Saturday's demonstration outside the Parliament.
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