Tag Archives | austerity measures

The Economist: ‘The Greek Run and the GREXIT’

The British magazine The Economist published an article about the Greek crisis, showing a 20-Euro-note burning by the flame of an Olympic torchbearer. Titled “The Greek Run,” the article reports on “the ugly term for what may soon become an even uglier reality: Greece’s departure from the euro zone” or else, “GREXIT.” But the runner [...]

Tsipras Gives Interview to CNN, Discusses Keeping Greece in the Eurozone

Alexis Tsipras, head of SYRIZA, said on Wednesday that the radical left coalition wanted to put an end to austerity, keep Greece in the Eurozone and strike new alliances to overcome the crisis, in an interview he gave to CNN giving a strong message to the American and international audience. “We will do whatever we [...]

IMF Managing Director Christine Lagarde Suggests New Measures for Greece

“There is still much work to be done for Greece,” announced managing director of the IMF Christine Lagarde. Lagarde answered many questions posed by journalists at a press conference. In regards to Greece, she repeated the well-known phrase of hers “application, application, application (of the Memorandum).” She underlined the importance of observing the aggreement, otherwise there [...]

Greek Tragedy Continues: New Austerity Measures After The Elections

The elections on May 6 are the first since the Greek crisis exploded, and come as the country desperately attempts to bring its finances under control. It appears unlikely any one party will win a majority, meaning a coalition government is a likely outcome. Unlike the elections of previous years, Greek voters have no illusions. [...]

New Austerity Cuts Bring Fire and Looting to Athens

Fire, rage and looting were widespread all around downtown Athens on Sunday evening, while the Greek Parliament was voting on a new package of austerity measures that will further plague the people of the country with drastic cuts in payments and a new wave of dismissals. 45 shops in downtown Athens, including footwear and clothing [...]

General State Archives of Greece Under Cyber Attack

The new austerity legislation passed on Sunday has triggered rage, violent outbursts and looting in the city of Athens, but these were not the only attacks. The “Greek Hacking Scene” attacked the official website of the country’s General State Archives (GAK) to protest the government’s signing of the new Memorandum and the consequent anti-popular measures [...]

Demonstrations Throughout Greece Against More Austerity Measures

As the announcement was made of yet another “bailout” loan issued at the expense of a full-scale war against the people, reactions on the ground in Greece have been swift. A 48-hour General Strike has been called by mainstream unions for February 10-11. The cuts in Greece during the last 2 years have reached more [...]

Greek Bodies to Boycott German Products

In their meeting on the new austerity measures introduced by the Troika, the Greek bodies of lawyers, doctors and the Technical Chamber of Greece decided among others to boycott German products. In their announcement after the meeting, the three bodies highlighted the testing of the economic capacity and the limits of the Greek people by [...]

Will Greece Have Pheidippides’ Fate?

For around three decades Greeks got to live the European dream, which combines high living standards with high standards of social welfare. But it seems that this dream is expensive and it’s helping to bankrupt governments, with Greece’s government being the first to go down. In order to keep the dream, Greeks are asked to [...]

On February 1st All Greeks Turn Off Their Lights To Protest Electricity Taxes

A new plan for protest action has been circulating on the Internet, calling all Greeks to turn off the lights on February 1, from 20:00 to 20:30 during the main news programme. In this way, the people will declare their opposition to the new emergency taxes and electricity’s ever rising prices. “We say no to [...]

New Wave of Strikes Paralyzes Athens

Private sector union GSEE called for an Athens-wide, 48-hour strike that will start Tuesday, January 17, and end Wednesday, January 18. The broader region of Attica will once again be paralyzed as public transportation employees will walk off their job on these two days, with hospital doctors, lawyers, OME-OTE employees and journalists joining the two-day [...]

Hospitals and Doctors Will Continue Their Strike

Doctors working in public hospitals, IKA, and private practices will continue their strike against health spending cuts as of next Monday, for another 5 days. IKA employed doctors will continue their protest against austerity measures from January 9th to 13th with rolling 24-hour strikes. Their main demand is to secure the work, insurances and wages [...]