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Greece Austerity Plan

The End Of Magical Thinking

Pavlos Tsimas | Posted 08.15.2016 | World
Pavlos Tsimas

Deliverance or calamity, recession-oriented or development-oriented, the "best possible agreement," or the "worst of them all," the new agreement between Athens and its creditors still has an uncertain fate and even more uncertain consequences.

Greek Leader To Reject Austerity, Lay Out Hard Leftist Program

Reuters | Posted 04.10.2015 | World

By Jeremy Gaunt ATHENS, Feb 8 (Reuters) - New Greek Prime Minister Alexis Tsipras will lay out his radical left-wing government's poli...

How Greek Financial Crisis Is Bringing Out The Good In People

The Huffington Post | Nader Salass | Posted 08.16.2013 | Impact

While the Greek economy survives on rescue loans, the unemployment rate hovers around 26 percent, and the public sector protests against the governmen...

Greece's Dilemma: Too Much Austerity and Too Many Demons

Daniel Wagner | Posted 08.18.2013 | World
Daniel Wagner

Greece continues to operate under a client-based political system that nurtures a nepotistic and bloated bureaucracy -- even after five years of crisis and cutbacks.

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...

Ex-Prime Minister: Greece May Run Out Of Money 'In A Few Weeks'

The Huffington Post | Jillian Berman | Posted 06.11.2012 | Business

It’s only a matter of weeks before Greece goes broke, at least according to the country’s former Prime Minister. George Papandreou, the former...

Privatization Helps: The Hungarian Example

Donald Blinken | Posted 09.30.2011 | World
Donald Blinken

As Greece works itself out of financial crisis, it should look to Hungary fifteen years ago for part of the answer. Far too large a segment of the Greek economy remains locked up in public hands.

Sunday Roundup

Arianna Huffington | Posted 09.01.2011 | Politics
Arianna Huffington

This week, economic tremors continued to rattle the world. In Greece, despite ongoing protests, the government passed harsh austerity measures. Closer to home, California passed a budget with deep cuts to social safety net programs and the state's once-vaunted higher education system. And, in Minnesota, a budget impasse forced the government to begin furloughing state workers and shutting down services, including state parks -- just in time for the 4th of July holiday weekend. Minnesota Republicans, who rejected Democratic Gov. Mark Dayton's revenue proposals, are obviously not familiar with the new Harvard study, which found that kids who attend July 4 celebrations are more likely to become Republicans later in life. One less 4th of July picnic in the park; one less future Bachmann voter.

Austerity Bites

Chris Glorioso | Posted 05.25.2011 | Business
Chris Glorioso

There is a false dichotomy buried in the austerity vs. stimulus policy debate. Both sides share the notion that the road to economic recovery is forked, and that we must choose only one path.

New Riots Erupt In Greece (PHOTOS, VIDEO)

Posted 05.25.2011 | World

(AP) ATHENS, Greece - Greek police fired tear gas to repel stone-throwing protesters after lawmakers approved drastic austerity cuts Thursday needed ...

Standard and Poor's: The Voice of Sanity on the Deficit

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

It might seem extraordinary, but in the midst of deficit-cutting mania it is a rating agency, Standard and Poor's, that is talking common sense about government debt.

Greece Riots Over Austerity Plan

Posted 05.25.2011 | World

AP ATHENS, Greece -- Street clashes erupted between rioting youths and police in central Athens Thursday as tens of thousands demonstrated during a na...