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Greek Austerity

The Sovereign Debt of Greece Remains a Contentious Issue

Nicos E. Devletoglou | Posted 01.13.2015 | 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.

Greece Will Likely Begin Recovery This Year: Is Austerity Working?

Mark Weisbrot | Posted 03.26.2014 | Politics
Mark Weisbrot

The Greek economy is going to grow next year because of a significant policy reversal. The fiscal tightening is basically coming to an end. Why is this so important? Because the people who supported the policy of the last four years will, when the Greek economy begins to recover, claim that the "austerity worked." But even the IMF's own analysis refutes this claim.

Greek Teachers Move To Strike

AP | DEREK GATOPOULOS | Posted 11.10.2013 | World

ATHENS, Greece — Unions representing high school teachers in Greece have voted to hold "long-term" strikes starting Sept. 16 against public sect...

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...

Greece Stages General Strike Over State Job Cuts

AP | DEREK GATOPOULOS | Posted 09.15.2013 | World

ATHENS, Greece — Unions opposing austerity measures in Greece staged their fourth general strike this year on Tuesday, as the government prepare...

At Least 20 Greek Farm Workers Shot After Demanding Back Pay

Reuters | Posted 06.18.2013 | World

ATHENS, April 17 (Reuters) - Greek police were hunting three foremen on Thursday who were suspected of shooting and wounding more than 20 migrant wo...

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 Protests Turn Weird With Baby Swap

Reuters | Posted 12.03.2012 | Business

ATHENS, Oct 3 (Reuters) - Dozens of angry Greek parents handed over their children to bewildered officials on Wednesday in a symbolic protest agains...

Greek Prime Minister Says Newest Austerity Round To Be The Last

AP | NICHOLAS PAPHITIS | Posted 10.30.2012 | Business

ATHENS, Greece (AP) — Greece's prime minister promised his austerity-weary countrymen on Thursday that new spending cuts planned for 2013-14 would b...

Why No One Is Hanging Out At The Parthenon

Reuters | Posted 08.06.2012 | Business

* Crisis, euro exit talk scares tourists off * Prices are cut to win last-minute arrivals * Double-digit drop in 2012 to...

Causes Of Greek Economic Crisis Not As Simple As You Might Think

Posted 05.17.2012 | World

The causes of the economic crisis in Greece may not be as simple as you think. In a new video from the Harvard Kennedy School, lecturer Richard Par...

Negotiations To Form Greek Government Continue

AP | NICHOLAS PAPHITIS | Posted 07.14.2012 | Business

ATHENS, Greece — Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in de...

Euro Ministers Plead With Greece To Stick With Austerity Program

AP | RAF CASERT | Posted 07.14.2012 | Business

BRUSSELS — Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout te...

World Stocks Drop As Worries Over Greece Intensify

AP | PAMELA SAMPSON | Posted 07.14.2012 | Business

BANGKOK — Asian stock markets fell Tuesday, rattled by a political impasse in Greece that could lead the debt-stricken country to a disorderly a...

Greek Parties Hit Political Stalemate, Euro Exit Fears Grow

Reuters | Posted 07.14.2012 | World

By George Georgiopoulos and Karolina Tagaris ATHENS, May 14 (Reuters) - Greek leftists rejected a last-ditch proposal by the head of ...

Greek Elections: Extreme Right Leader Warns Greek 'Traitors'

AP | NEBI QENA | Posted 05.06.2012 | World

ATHENS, Greece -- The leader of an extreme-right, anti-immigrant party on course for shock success in Greece's general elections Sunday lashed out at ...

Ex-Greek Minister Arrested For Money Laundering As Part Of Larger Crackdown

Reuters | Posted 06.11.2012 | Business

By Harry Papachristou ATHENS, April 11 (Reuters) - A former Greek minister was arrested on Wednesday on money laundering charges, in t...

Austerity Measures Cause Elderly Suicide

AP | NICHOLAS PAPHITIS | Posted 06.04.2012 | World

ATHENS, Greece — A Greek retiree shot himself dead in the busiest public square in Athens during morning rush hour Wednesday, leaving a note pol...

What Do the Greek Austerity Measures Mean for Education?

Sarah Butrymowicz | Posted 04.23.2012 | World
Sarah Butrymowicz

Last week, the Greek government passed new austerity measures, making even deeper cuts to the country's public sector. Thousands of Greek citizens have taken to the streets to protest the plans.

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 ...

The Human Costs Of Austerity: Greek Woman Threatened To Kill Herself

The Huffington Post | Bonnie Kavoussi | Posted 02.15.2012 | Business

Greek austerity measures, the necessary price of a European Union bailout, have already taken a toll on the lives of the debt-ridden country's populat...

Greece Told To Keep On Slashing

AP | By JUERGEN BAETZ | Posted 02.14.2012 | Business

BERLIN -- A new document from Greece's international creditors spells out what further austerity measures they expect Athens to implement to receive f...

Violent Protests Highlight Greece's Difficulty In Sticking To Bailout Deal

Reuters | Posted 04.13.2012 | Business

* Parliament passes unpopular package of cuts * Protests turn violent, buildings burn in Athens * Govt must clarify spen...

Bonnie Kavoussi

Arianna Says Greece Should Leave Eurozone | Bonnie Kavoussi | Posted 12.03.2011 | Business

Some economists have warned that the economic consequences for Europe could be dire if Greece leaves the euro. But Arianna Huffington, president and e...