austerity

Greek right-wing Independent Greeks (ANEL) leader/Defense Minister Panos Kammenos -- a junior coalition member of the Radical Left Coalition (SYRIZA) government --  fueled controversy with a statement he made on Tuesday while visiting the island of Syros. He said...

This morning the entrance to a branch of the Labor Ministry in Athens city center was blocked by a group of self-styled anarchists. In protest of the latest social security reforms, they have draped a banner on the front...

Forest fires are not uncommon in Greece in great part due to the fact that in Greece if land is mapped as a forest zone, it is illegal to build. This has led many people to take matters into...

SYRIZA lawmaker Vassiliki Katrivanou resigned early on Monday after voting against the austerity multi-bill approved by Parliament late on Sunday. Initially Katrivanou voted for the draft legislation "in principle" but then voiced objections over two articles relating to the establishment...

The International Monetary Fund's (IMF) analysis, presented by Bloomberg, states that Greek debt will soar to 293.8 percent of its GDP by 2060 if there is no debt relief. Statements point to an agreement possible at the Eurogroup meeting...

Greek Finance Minister Euclid Tsakalotos kicked off his press conference following the May 9 extraordinary Eurogroup meeting on Greece with optimism. "This was a very good eurogroup for Greece, and I think a very good eurogroup for Europe." Speaking on...

An emergency Eurogroup held on Greece Monday, May 9, ended with finance ministers of the eurozone welcoming the package of austerity measures that Greece agreed to though discussions would continue at the Eurogroup on May 24. Athens' proposal was...

The editorial board of Bloomberg news agency co-signed an opinion article, titled "The IMF Is Right About Greece." The article justifies the International Monetary Fund's indirect threat of leaving negotiations if debt relief is not given to Greece. "The IMF's...

Prime Minister Alexis Tsipras has probably reached his political nadir on Sunday night, when the MPs of his party and those of junior coalition partner ANEL voted for the harshest austerity measures Greeks are to suffer since the onset...

Greek Parliament debated a set of tough economic pension and tax reforms on Saturday and Sunday. The 300-strong Parliament voted for the bill with 153 in favor, 143 against. Ruling leftist SYRIZA Prime Minister Alexis Tsipras pointed to the hard work...