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A homeless person changes clothes outside a bank in central Athens. Nearly one-in-four Greeks are unemployed and receive no benefits. Poverty rates have surged here since the start of the crisis in late 2009, with nearly 36 percent of the country living in financial distress. (AP/Thanassis Stavrakis)

Two Years After Resounding “No” Vote, Greece Still Says “Yes” To Austerity

Greece’s New Deal From European Lenders Delivers More Neoliberalism

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.

March 28th, 2017
Dr. Michael Nevradakis
March 28th, 2017
By Dr. Michael Nevradakis
Protesting tax office workers hang a banner from the finance ministry in Athens on Monday, March 20, 2017, that reads: "Reduction of tax free limit means new cuts to salaries and pensions. Stop Austerity." Greece's left-led government is in negotiations with bailout creditors on further budget cuts and reforms required for the release of a new rescue loan installment. (AP/Thanassis Stavrakis)

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

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Battered & Broken By Cuts, Greek Workers Still Rise To Fight

Thousand strike across country in continued battle against the devastation of imposed austerity

April 10th, 2014
Jon Queally
April 10th, 2014
By Jon Queally
A protester chants anti-austerity slogans through a loud hailer during a rally in the northern Greek port city of Thessaloniki, Greece, Wednesday, April 9, 2014.

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

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Could Slovenia Be Next In Line For An EU Bailout?

Ahead of a possible bailout for banks saddled with bad loans, Slovenia has opened the door for privatization and austerity measures.

September 14th, 2013
Martin Michaels
September 14th, 2013
By Martin Michaels

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 next Friday. Der Spiegel reports that Slovenian Finance Minister Uros

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The Grass Isn’t Always Greener: Europe Still In Recession As US Unemployment Drops

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 continent’s workforce. Seasonally adjusted unemployment statistics in the 17 countries sharing the euro currency ticked up to 12.2

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