austerity

As Alexis Tsipras and his administration celebrate two years in power today, one wonders where Greece would have been if it wasn't for these two years of procrastination, austerity and deepening recession. And shameless lies, too many to list. On...

On Tuesday main opposition New Democracy (ND) sternly attacked Prime Minister Alexis Tsipras characterizing him "the best ally of Europe's extremists that want Greece trapped in endless austerity." In an announcement the main opposition accused the government that it refused...

Greek Finance Minister Euclid Tsakalotos criticized the International Monetary Fund for not telling the truth on Greece's bailout program and dismissed the prospect of further austerity measures past 2018. Tsakalotos spoke to The Guardian after the IMF criticized the country's...

Civil servants, workers, professionals, freelancers and pensioners rallied on Thursday protesting against austerity as the 24-hour general strike put the Greek State in gridlock. The General Confederation of Greek Workers (GSEE) and the Greek Civil Servants' Confederation (ADEDY) have called...

The German Ministry of Finance rejected the request of the European Commission that called on Eurozone governments to move towards fiscal loosening in order to inject growth and development. Though Germany was urged to move further away from its...

On Monday teachers protested with students against cutting funding towards education by the Greek government as a part of their austerity program. As education already has seen cutbacks lessening the hours of classroom time as well as hiring fewer teachers,...

The economic crisis in Greece has led to an increase in mental disorders, with depression being the most common as more than half million Greeks suffer from it. The data regarding the increase in mental disorders were presented during the...

On Monday evening the scene outside of the Greek parliament was a familiar one as some 7,000 trade union members gathered to protest in an effort to highlight the government's duty to protecting wages, pensions and to restore collective...

Greek police used tear gas to push away protesting pensioners who were trying to approach the Maximos Mansion during a demonstration rally in central Athens. The new pension cuts, especially for those who receive low pensions, led about 1,000 pensioners...

“Neoliberalism can mean many things, but if it means letting markets reign without restrains is always the answer then I’m also against neoliberalism,” Paul Krugman, Nobel Laureate, economist, said in an interview with the Athens-Macedonian News Agency. The economist and...