Tag Archives: European Central Bank

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 By June 26, 2017
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...
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’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...
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.
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...