Tag Archives: Greece

A man waves a Greek flag in front of the Greek Parliament during a rally against new austerity measures in Athens, May 18, 2017. (AP/Yorgos Karahalis)
Ancient Greece Could Hold The Key To Solving Today’s Debt Crisis By July 17, 2017
ATHENS (Interview) — Closing in on a full decade in duration, the Greek economic crisis is unprecedented in the modern history of economically-developed nations. During this period, Greece’s GDP has declined by over a quarter,...
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
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 food to eat. Beggars are now practically...
A man makes a transaction at an automated teller machine (ATM) of a Piraeus Bank branch in Athens, Greece. (AP/Yorgos Karahalis)
How Greece Became A Guinea Pig For A Cashless And Controlled Society By
ATHENS (Analysis)– Day by day, we’re moving towards a brave new world where every transaction is tracked, every purchase is recorded, the habits and preferences of everyone noted and analyzed. What I am describing is the “cashless society,” where plastic and...
A protester takes part in a rally against the privatization of the state-run water utility, in Thessaloniki, Greece.(AP/Nikolas Giakoumidis)
Greece Forced To Sell Public Water Utilities Under EU-Imposed Privatization Plan By
GREECE — In May 2016, the SYRIZA-led Greek government passed a new comprehensive set of economic austerity policies in exchange for receiving new loans that are intended to keep the country’s fragile economy afloat. This represents the fourth such “memorandum”...
Greece's Statistics agency employees walk past the logo of the agency in Piraeus, near Athens. Serious errors in Greek deficit data, revealed last year, helped trigger the European government debt crisis rattled world markets and confidence in the euro. (AP/Petros Giannakouris)
Whistleblower: EU, IMF Manufactured Greek Debt Crisis Through Unscrupulous Accounting By
ATHENS (Interview)– On May 18, a new chapter was written in Greece’s economic odyssey, as the Greek parliament, with the votes of the SYRIZA and Independent Greeks coalition government, approved Greece’s fourth memorandum loan package since the onset of the country’s...
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...
The French foreign ministry building is lit up to celebrate the 60th anniversary of the Treaties of Rome in Paris, France, Friday, March 24, 2017. March 25th 2017 marks the 60th anniversary of the Treaties of Rome that effectively gave birth to the European Union. (AP/Michel Euler)
The Duran’s Alexander Mercouris On “Fake News,” Russia Allegations And Change In Europe By
GREECE — “Fake news” is a phrase that has quickly become a mainstay in the contemporary political and journalistic lexicon. Claims of “fake news” reporting have been levied against sites as varied as MintPress News and TheDuran.com, while mainstream media...
Supporters of the communist-affiliated union PAME burn a EU flag during an anti-austerity rally in Athens, Wednesday, Mar. 1, 2017. (AP/Yorgos Karahalis)
Radical Groups Attempt To Bomb EU Targets As Greek Tragedy Worsens By
ATHENS – Last week, major financial institutions in Europe were put on notice when letter bombs were sent to the International Monetary Fund and the office of Germany’s financial minister. Only one of those bombs exploded and injuries were minimal. But not-so-coincidentally,...
Bystanders wait to be handed bags of oranges during a free distribution of fruit and vegetables as a protest by farmers and vendors over proposed pension reforms, in Athens on Wednesday, Jan. 27, 2016. Greece's leftwing government is facing an escalating wave of protests over its proposed pension overhaul that has been demanded by bailout creditors. (AP Photo/Petros Giannakouris)
Economist Jack Rasmus: Eurozone Benefits The Strongest Economies At The Expense Of The Weakest By
ATHENS — This has been another eventful year in Greece. Almost one year after it turned its back on the July 2015 referendum result which rejected further austerity, the Syriza-led government has pushed forward a program of even harsher austerity, spending cuts, and...
Protesters against new austerity measures hold a placard depicting Labour Minister George Katrougalos as the movie character Edward Scissorhands during a protest outside Zappeion Hall in Athens, Friday, Sept. 16, 2016. The placard reads in Greek"Katrougalos Scissorhands".
Greece’s Neoliberal Wolves In Anti-Austerity Sheep’s Clothing By
ATHENS — (Analysis) In January of 2015, opponents of neoliberalism and the harsh policies of economic austerity rejoiced at the electoral victory of Syriza in the Greek parliamentary elections. Touted as the “first-time left,” the new Syriza-led government was...