iOS app Android app

Greece Budget Cuts

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...

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...

Greek Official: Budget Deficit Is Worse That We Said It Would Be

AP | NICHOLAS PAPHITIS and DEREK GATOPOULOS | Posted 03.12.2012 | Business

LAGONISSI, Greece — Greece's finance minister on Wednesday said talks with banks for a debt reduction deal worth euro100 billion ($127 billion) ...

Greek Workers Plan General Strike To Protest Austerity Budget

AP | ELENA BECATOROS | Posted 01.22.2012 | Business

ATHENS, Greece — Greek unions will kick off the month of December with a 24-hour general strike – the first major walkout since the appoin...

Greece's Choice -- And Ours: Democracy Or Finance?

Robert Reich | Posted 01.01.2012 | Business
Robert Reich

Greek PM George Papandreou decided in favor of democracy yesterday when he announced a national referendum on the draconian budget cuts Europe and the IMF are demanding from Greece in return for bailing it out.

Greek Protests On The Rise As Government Rolls Out Harsh Budget Cuts

AP | DEREK GATOPOULOS | Posted 05.25.2011 | Business

ATHENS, Greece — The Greek government is battling growing discontent over a new round of economic austerity, with fresh strikes, public hostilit...

Greece Bailout 'Just The Beginning': Martin Wolf | Martin Wolf | Posted 05.25.2011 | Business

Yet it is hard to believe that Greece can avoid debt restructuring. First, assume, for the moment, that all goes to plan. Assume, too, that Greece's a...