austerities

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...

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...

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...

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...

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,...

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...

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...

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...

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,...

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...