greek austerity News

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.

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.

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.

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.

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.

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

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.

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.

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.

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.