Privatization, high taxes and the slashing of cherished public-sector salaries and pensions are the price Greece has paid for accepting the loans that have kept the country in the Eurozone. Its citizens are the ones now paying the price for the costly missteps made by its leaders.
Greece has entered into a new deal with European lenders that they claim will lift the country’s economy through the enactment of new reforms. However, the debt-ridden country will still have to meet tough fiscal targets for the next two years. Today, we’ll speak with a Greek economist who believes the deal will do little to help the country.
GREECE-- The Greek government recently reached a new agreement with the so-called “troika” of lenders—the European Commission, the European Central Bank and the International Monetary Fund—on new reforms that are slated to go into effect in 2019. The SYRIZA-led Greek government touted this agreement as a major success that signifies the end of
Thousand strike across country in continued battle against the devastation of imposed austerity
Thousands of Greek workers marched on parliament in Athens on Wednesday and a nationwide general strike was underway as public sector and other unions demanded an end to the austerity that has been imposed by the nation's foreign creditors to detriment of the economy and the social fabric. "Today's strike action is being held for the working
Ahead of a possible bailout for banks saddled with bad loans, Slovenia has opened the door for privatization and austerity measures.
Saddled with billions of euros in bad loans, Slovenia could soon follow Greece, Ireland, Portugal and Cyprus, becoming the fifth Eurozone country requiring an EU bailout. Slovenia’s financial situation will be
Unemployed Americans may or may not find grim solace by repeating this old mantra: It could be worse.
Unemployed Americans may or may not find grim solace by repeating this old mantra: It could be worse.
The latest release from Eurostat, the statistics-gathering entity for the European Union, has bad news for that
