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Greece Austerity

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...

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...

Wealthy Greeks Set To Lose UNBELIEVABLE Government Perk

AP | DEREK GATOPOULOS | Posted 09.30.2013 | World

ATHENS, Greece -- Wealthy Greeks fearing attacks by anarchist groups will no longer be entitled to free police bodyguards in the latest cost-cutting p...

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...

Growth vs. Austerity: A False Choice

Robert Hardaway | Posted 07.15.2013 | Business
Robert Hardaway

Promoters of austerity assert that when government deficits reach a certain critical level, economic growth becomes un-sustainable. Advocates of growth contend that austerity itself stifles growth.

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.

The ERT Shock: Pulling the Plug on the Public in Greece

Elizabeth Filippouli | Posted 06.12.2013 | World
Elizabeth Filippouli

Is this going to prove another 'mea culpa' on behalf of the troika and the IMF? Are they going to lament, admit yet another 'misjudgment' - when it will be too late again?

Greek Unions Call 24-Hour Strike

AP | DEREK GATOPOULOS | Posted 07.13.2013 | World

ATHENS, Greece — The Greek government said Monday it will use emergency powers to prevent protesting teachers from disrupting university entranc...

Greek Youth Unemployment Hits Staggering Record

Reuters | Posted 05.09.2013 | Business

ATHENS (Reuters) - Greek youth unemployment rose above 60 percent for the first time in February, reflecting the pain caused by the country's cripplin...

Austerity's Curveballs

Richard (RJ) Eskow | Posted 06.23.2013 | Politics
Richard (RJ) Eskow

The opportunists of austerity are as plentiful and as shameless as their military peers were regarding Iraq, and they share the same motivations: "tawdry ambitions, spineless leadership, and fear."

The "Dictatorship of the Elites" in Greece

Thanos Dimadis | Posted 04.28.2013 | World
Thanos Dimadis

One of the major mistakes that international and European observers often make in their analyses about Greece is that they focus way too much on the p...

Greece Shows Us How Poverty Degrades the Environment

Iain Murray | Posted 03.25.2013 | World
Iain Murray

Greece is regressing. As it becomes poorer, its environment suffers more. If you ever needed an illustration of why affordable energy is important for the environment, Greece provides it.

Ricardo Caballero: "Greece Is in Rehab"

Vaios Papanagnou | Posted 01.28.2013 | World
Vaios Papanagnou

"This was clear from the beginning, and it remains clear. It is up to Greece and its Europeans partners to decide how to structure and spread over time this default."

Strikes Sweep Europe To Protest Austerity

Reuters | Posted 01.14.2013 | World

* Police, protesters clash in Madrid; 81 arrests in Spain * Flights, trains cancelled, factories at standstill * Demonst...

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.

The Austerity Trap: Is Past Prologue?

Michael S. Lofgren | Posted 12.11.2012 | World
Michael S. Lofgren

Predictably, the unemployment rate rises above 25 percent, riots and demonstrations ensue, and an extreme right-wing party rapidly gains adherents. What this will mean for Europe's political future is unclear.

7,000 Greek Police To Crack Down Before Merkel Visit

AP | NICHOLAS PAPHITIS | Posted 12.08.2012 | World

ATHENS, Greece — Greek police have increased security and are preparing to close down large sections of the capital Athens to contain protests a...

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 Protestor: 'We Can't Take It Anymore - We Are Bleeding'

Reuters | Posted 11.26.2012 | Business

* Nearly 70,000 take to streets to protest * First big strike for new government * Transport services disrupted, offices...

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 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...