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Greece Austerity Measures

Greek Parliament's Vote Paves Way For Layoffs Of 15,000 Public Workers

AP | DEREK GATOPOULOS and NICHOLAS PAPHITIS | Posted 09.16.2013 | World

ATHENS, Greece — Greece's Parliament narrowly approved a new batch of austerity measures early Thursday, including thousands of public-sector jo...

Greek Parliament Approves 2013 Austerity Budget

AP | DEMETRIS NELLAS and ELENA BECATOROS | Posted 01.11.2013 | World

ATHENS, Greece -- Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its int...

Are Greece's Loan Agreements and Austerity Measures Illegal? Greek Constitutional Law Scholar Says 'Yes'

Michael Nevradakis | Posted 12.31.2012 | World
Michael Nevradakis

While the Greek Parliament is preparing to vote on a third round of austerity measures this week, Giorgos Kasimatis, one of Greece's foremost constitutional scholars, argues that these measures are not only destructive but illegal.

Greek Austerity Plan May Get The Axe From Everyone

Reuters | Posted 11.09.2012 | Business

ATHENS, Sept 9 (Reuters) - Greece's international lenders have questioned some of the measures included in a near 12 billion-euro ($15 billion) aust...

Greek Leaders Reportedly Agree On Most Austerity Cuts

Reuters | Posted 09.28.2012 | Business

* Greece looking for savings worth 11.5 billion euros * Troika of lenders in Greece to assess need for new aid * Politic...

Greek Parities Coming Together To Renegotiate Bailout's Tough Austerity Terms

Reuters | Posted 08.20.2012 | Business

* Conservative-led coalition agreed, cabinet posts unclear * PASOK, Democratic Left to provide backing, not top leaders ...

Austerity Measures Are Worse at Easter

Seth Engel | Posted 07.02.2012 | World
Seth Engel

In the face of the U.S.'s two greatest crises of the century, Americans have turned to FDR and George W. Bush for solace. The Germans had once chosen Hitler for theirs. Which path will the Greeks venture down on May 6? Who can lead a country that has hit rock bottom?

Greece: Making Lemonade When the Economy Throws Lemons at You

Niovi Christopoulou | Posted 05.15.2012 | World
Niovi Christopoulou

So, Greece is in big trouble and in need of leaders with good crisis management instincts and experience. (If you know any, send them to Athens ASAP -- economy class only please.)

Greece Needs To Keep Slashing Its Budget

Reuters | Posted 05.13.2012 | Business

By Jan Strupczewski BRUSSELS, March 13 (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2...

Greece To Receive $170 Billion Bailout

AP | GABRIELE STEINHAUSER and SARAH DiLORENZO | Posted 04.21.2012 | Business

BRUSSELS — After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece euro130 billion ...

One Dead In Greek Riots

AP | NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 12.20.2011 | World

ATHENS, Greece — Greek lawmakers passed a deeply resented new austerity bill Thursday, caving in to the demands of international creditors in or...

Greece Financial Crisis Creating Serious Health Problems

AP | By CHRISTOPHER TORCHIA | Posted 12.09.2011 | World

ATHENS, Greece -- The Greek financial crisis has become a health hazard. Economically vulnerable Greeks are losing health care access amid dwindling ...

Students Clash With Police In Greece

AP | Posted 05.25.2011 | College

ATHENS, Greece — Police clashed Thursday with demonstrating students outside Greece's parliament in the latest protest against austerity measures. ...

Argentina: Greek Financial Rescue Is Doomed To Fail

AP | MICHAEL WARREN | Posted 05.25.2011 | Business

AVELLANEDA, Argentina — Gregorio Lopez has a message for the Greek workers who are protesting deep cuts in salaries and pensions that come with ...