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Greece Austerity

Greece Will Rehire Cleaning Ladies, School Guards Laid Off Under Austerity

Reuters | Posted 05.07.2015 | World

ATHENS, May 7 (Reuters) - Greece's parliament passed a law on Thursday paving the way for the government to rehire about 4,000 public sector workers...

This Part Of Greece's Capital Is Flourishing Amid Austerity

Ozy | Laura Secorun Palet | Posted 03.19.2015 | World

By LAURA SECORUN PALET, OZY Crickets. That’s what Sofia Vamiali heard when, in 2009, she reopened her art gallery in the heart of Athens. While s...

My 'Disruptive' Footnote

Nicos E. Devletoglou | Posted 05.16.2015 | World
Nicos E. Devletoglou

Why should hundreds of millions of innocent people in Europe -- and more particularly the Greek people who have been devastated by this policy so far -- be bearing alone the cost of the damage caused almost entirely by German intransigence and diktat?

Greece Accuses Spain, Portugal Of Conspiring To Topple Anti-Austerity Government

Reuters | Posted 04.30.2015 | World

* Spain, Portugal leading "axis of powers" against Athens-PM * Portuguese leader denies taking hard line on Greece * Ger...

Greek Leader Hit With Acrimony At Home Over Bailout Deal

AP | ELENA BECATOROS | Posted 04.27.2015 | World

ATHENS, Greece (AP) — Greece's prime minister held a marathon meeting with his party's lawmakers Wednesday, briefing them on pledges made to Europea...

Fate Of Greece Deal To Soon Be Decided

AP | DEMETRIS NELLAS | Posted 02.21.2015 | World

ATHENS, Greece (AP) — Greece will submit a list of reforms to be agreed with its creditors Sunday, the country's finance minister said Saturday. "W...

The Economic Ruination of Greece

Harlan Green | Posted 02.18.2015 | World
Harlan Green

Its unemployment rate is 25.8 percent, the worst in the eurozone (slightly more than Spain's 23.7 percent), as it has been in a deflationary spiral, further depressing its economic activity.

Germany Maintains Hardline Stance In Greece Debt Talks

Reuters | Posted 02.17.2015 | World

By Yann Le Guernigou and Costas Pitas PARIS/ATHENS, Feb 16 (Reuters) - Debt-laden Greece and EU paymaster Germany struck hardline postures ahead of...

Greece Says "No Way Back" In Bid To Rewrite Bailout Deal

AP | NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 02.10.2015 | World

ATHENS, Greece (AP) — Greece's new prime minister struck a defiant tone on the eve of high-stakes negotiations with skeptical European creditors, sa...

The Bernanke-Yellen Recovery

Harlan Green | Posted 04.09.2015 | Business
Harlan Green

This is something that Germany, instigator of the eurozone's austerity policies, has to learn if it wants to bring Europe out of its Second Great Depression; by supporting policies that will unite Europe into a greater union, rather than cause its disintegration.

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...

Greece and the U.S. Senate: Economics for the 99 Percent

Mike Sandler | Posted 04.08.2015 | Business
Mike Sandler

The re-shuffle of the last U.S. election that put austerity-minded Republicans in power has ironically resulted in a new anti-austerity economist being hired by Senator Bernie Sanders in the Senate Budget Committee.

What Is the Real Greek Morality Tale?

Joseph E. Stiglitz | Posted 04.05.2015 | World
Joseph E. Stiglitz

Does anyone in their right mind think that any country would willingly put itself through what Greece has gone through, just to get a free ride from its creditors? If there is a moral hazard, it is on the part of the lenders -- especially in the private sector -- who have been bailed out repeatedly.

Has the Greek Revolt Buried German Austerity?

Joschka Fischer | Posted 04.04.2015 | World
Joschka Fischer

BERLIN -- Not long ago, German politicians and journalists confidently declared that the euro crisis was over; Germany and the European Union, they believed, had weathered the storm. Today, we know that this was just another mistake in an ongoing crisis that has been full of them. The latest error, as with most of the earlier ones, stemmed from wishful thinking -- and, once again, it is Greece that has broken the reverie.

Read The Daily Blog Of Greece's 'Erratic Marxist' Finance Minister

The WorldPost | Nathan Gardels | Posted 01.30.2015 | World

Yanis Varoufakis, a self-described "erratic Marxist," is the new finance minister of Greece under the just-elected Syriza-led government of Prime Mini...

Greece Strikes a Blow to Austerity. What Happens Now?

Lynn Parramore | Posted 04.01.2015 | World
Lynn Parramore

In the following interview, Mario Seccareccia, a professor of economics at the University of Ottawa, talks about why what happened to Greece was entirely predictable, why the Greeks were right to reject austerity in the recent election, and what challenges the country faces in forging a sustainable path forward with the left-wing Syriza party at the helm.

Howard Fineman

Hoard Your Toilet Paper -- The Left Is Coming!

HuffingtonPost.com | Howard Fineman | Posted 01.30.2015 | World

WASHINGTON –- Greece gave us democracy and theater, and now is giving us a gripping new synthesis of the two: the dramatic, hysterical alarms of sup...

The History Of Syriza: How A Small Party Came To Power

HuffPost Greece | Katerina Prifti | Posted 01.27.2015 | World

To understand the historic magnitude of the victory of Syriza, the far-left party that won Greece's election on Sunday, take a look at their slogan: ...

Earthquake Appears Imminent In Critical Greek Election

Reuters | Posted 03.23.2015 | World

By Deepa Babington ATHENS, Jan 21 (Reuters) - Greece's Syriza party is set for a comfortable victory in Sunday's general election, according to opi...

The Sovereign Debt of Greece Remains a Contentious Issue

Nicos E. Devletoglou | Posted 03.14.2015 | World
Nicos E. Devletoglou

The multiple admonishments between Athens and its increasingly hardline partners in Europe in recent days are out of place -- even as part of a high-stakes game testing contrasting approaches to dealing with Greece's bulging debt.

On the Cusp of a Historic Change

Alexis Tsipras | Posted 03.07.2015 | World
Alexis Tsipras

Greece is on the cusp of a historic change. SYRIZA is no longer just a hope for Greece and the Greek people. It is also an expectation of a change of course for the whole of Europe.

Greece Is the Word (Again)

Roger D Barris | Posted 03.07.2015 | Business
Roger D Barris

This situation bears watching. Although the financial contagion may be contained, with the rise of anti-EU parties throughout Europe, the political spillover may be large.

Greece Shuts Down As Thousands Protest Austerity

AP | ELENA BECATOROS | Posted 11.06.2013 | World

ATHENS, Greece -- ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demon...

Greece's Public Sector Shuts Down For 2-Day Strike As Thousands Of Civil Servants Protest Austerity Cuts

AP | ELENA BECATOROS | Posted 09.18.2013 | World

ATHENS, Greece -- Thousands of civil servants marched through the Greek capital and the second largest city of Thessaloniki on Wednesday, as a two-day...

Greek Doctors Join Anti-Austerity Strike

AP | Posted 11.17.2013 | World

ATHENS, Greece — Greek hospital doctors have embarked on a three-day strike, joining high school teachers who walked off the job a day earlier i...