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austerities

Tsipras and Lagarde Meet to Discuss Greece's Progress in Economic Program

Greek Prime Minister Alexis Tsipras and IMF chief Christine Lagarde discussed the progress in Greece's economic program on the sidelines of the Belt and Road Forum. IMF Communications Director Gerry Rice has issued the following statement in Beijing: "The Managing Director of...

Former Argentina President Kirchner: A Country Cannot be in Perpetual Austerity

A country cannot be in perpetual austerity because its economy doesn’t grow, Argentina’s former president Cristina Fernandez de Kirchner said on Sunday, during a visit to the refugee center of Eleonas. Kirchner is on a three-day visit to Athens, following...

After Seven Years of Austerities 40% of Greeks Cannot Afford to Pay Their Utility Bills

Following seven years of austerities which have caused employees' wages to be slashed, stores and companies to close, hikes in taxes and higher prices for everyday goods, more than 40 percent of Greeks are unable to afford to pay...

ND on Eurogroup Meeting: Greek Government Attempting to 'Fool' Its People

The return of the institutions to Athens is accompanied by additional concessions, painful measures and the government’s negotiating failures, New Democracy said on Monday after the end of the Eurogroup meeting in Brussels. “Once again, the government is attempting to...

24-hour Strike on Monday Will Close Museums and Archaeological Sites Throughout Greece

Museums and archaeological sites throughout Greece will be closed on Monday due to a 24-hour warning strike declared by the Panhellenic Union of Employees for Guarding Antiquities. The museum and site guards are demanding that they continue to receive Sunday,...

Government Spox Tzanakopoulos: 'Our Aim Is to Not Yield to Illogical Demands by the IMF'

On Tuesday Greece's government spokesperson, Dimitris Tzanakopoulos said in a briefing that the country will not agree to what he called “illogical” demands of the IMF to further austerities after the end of the bailout program in 2018. Reuters reported...

Farmers Protest Over Austerities by Blocking Roads, Threaten Closure of Border Crossing

Protests took place on Friday throughout various parts of the national highway in Greece. They were led by farmers who are rallying against the government's latest increase to the tax and social security contribution payments. Road blocks by farmers took...

BoG Study: From 2008-2016 Greek Households Saw a 37.5 % Decline in Wealth

On Wednesday a study published in the Bank of Greece’s Economic Bulletin revealed that Greeks have seen their salaries shrink considerably in the period between 2010 and 2016. The study showed that in Greece annual households disposable income decreased by...

After Latest Tax Hike Greece Has 6th Highest Unleaded Gasoline Price in the World

Citizens across Greece are calling the Greek government out on the recent tax hike that has placed the country sixth in most expensive gas prices in the world -- specifically for unleaded gasoline. According to data from the Greek Finance Ministry,...

Greece's Fin Ministry Sends Scrooge Christmas E-card Calling Out International Lenders

Reuters has reported that the press office of the Greek Finance Ministry recently sent an e-card of the stingy Ebenezer Scrooge to journalists in a not-so-veiled attempt to call out the country's international lenders who have imposed harsh austerities...