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austerity measures

Transport Services to Strike in Protest of New Austerity Vote in Parliament

Public transport employees will be starting a three-day work stoppage in protest of new austerity measures to be voted in parliament on Thursday, as reported by ekathimerini. Beginning on Tuesday, there will be no buses from 11 a.m. to 4...

Greek Unions Stage Large Protests as More Austerity Looms

About 15,000 protesters are taking part in anti-government rallies before a visit to Greece by bailout inspectors and plans by the left-wing government to impose more austerity measures after years of economic hardship. The protesters - beating drums, waving black...

Greek Parliament Vote on Prior Actions Bill

After the heated debate the Greek Parliament voted on Sunday on the multi-bill that includes measures demanded by Greece’s lenders to close the first program review as 153 MPs voted in favor, 145 voted against. Speaking in parliament, government ministers described the...

PM Tsipras: ND Leader Identifies with the Harshest Positions of the Institutions

The main opposition agrees with the harshest measures demanded by the institutions, Greek Prime Minister Alexis Tsipras said in parliament on Sunday, adding that New Democracy leader Kyriakos Mitsotakis’ remarks on Greece’s debt echoes that of Germany’s Finance Minister...

Demonstrations in Syntagma Square in Protest of the Multi-Bill Related to Austerity Measures

Demonstrations have taken over the streets of Athens on Sunday May 22nd, while the plenary session of the Parliament is meeting in order to vote on the multi-bill regarding the latest austerity measures. The Unions marched towards Syntagma Square and...

ND Leader: The Contingency Mechanism Shows Greece's Creditors don't Trust Tsipras

The demand for a contingency mechanism shows Greece’s creditors don't trust Greek Prime Minister Alexis Tsipras, New Democracy leader Kyriakos Mitsotakis said on Sunday, during a debate in parliament on the prior actions demanded by the country’s lenders. “The mechanism...

Greek Farmers Plan on Closing Roads Indefinitely, Gathering in Athens

Greek farmers unanimously decided to move their protests to Athens, according to farmer representatives from 68 roadblocks across Greece. According to the representatives, the farmers will travel to Athens with tractors and buses, where they plan on setting camp...

Cash Hidden Away Under Mattresses in Greece is Back in Circulation

With no end to the Greek economic crisis and the fear of bank collapse, wary Greeks have been withdrawing cash for years although there has been no wild bank run. The rich have pulled their money out of local...

Is There Light at the End of the Tunnel for the Greek Crisis?

Ever since the Greek debt crisis erupted, back in late 2009, each successive government actively sought to defuse a sharp backlash against the bailout programs imposed on the country by the notorious trio of the International Monetary Fund (IMF),...

Greek Finance Minister Calls for a Deal on Greek Debt by March

Greece's Finance Minister Euclid Tsakalotos said on Monday that a deal on the country's debt must be reached as quickly as possible, since any delays would postpone important decisions for Greece's economy. He warned against "returning to the solutions given until...