Tag Archives: European Central Bank

Two Years After Resounding “No” Vote, Greece Still Says “Yes” To Austerity By
ATHENS (Analysis)– It has become an increasingly common sight on Greek streets, even in formerly prosperous neighborhoods. Elderly—and sometimes not so elderly—individuals rummaging through rubbish bins in search of scraps of...
Greece’s New Deal From European Lenders Delivers More Neoliberalism By
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...
Battered & Broken By Cuts, Greek Workers Still Rise To Fight By
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...
Could Slovenia Be Next In Line For An EU Bailout? By
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 one of the topics of discussion at an upcoming Eurogroup discussion...
The Grass Isn’t Always Greener: Europe Still In Recession As US Unemployment Drops By
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 continent’s workforce. Seasonally adjusted unemployment...