austerity measures

He has called himself an "accidental economist" and has likened Greece's position in the euro zone as a "Hotel California" lyric, he has taught economics in Greece, Britain, Australia and the U.S., his controversial blogposts won him thousands of...

"The problem with the bailout is that it wasn't really a bailout," Giannis Varoufakis told Bloomberg on Monday, a day before he was sworn in as Greece's new Finance Minister. The 53-year-old economics professor who is now an official member of...

Greece is facing a new economic crisis after a series of wrong moves by the coalition government of Antonis Samaras, thus negating four years of harsh austerity measures, a Reuters report says. The Greek prime minister made the mistake of...

A protest was organized in Brussels on Saturday evening in solidarity of the Greek people and against austerity measures. According to local media, only 150 protesters were present at first but their number quickly rose to 400. The protest was...

Greek businesses have suffered for the last six years due to the financial crisis that hit the country. In 2015, the Greek economy was expected to start its recovery, however the unexpected election and the political uncertainty that surrounds...

President of the European Parliament Martin Schulz commented that the austerity measures were imposed on Greek people by the Greek government, not by the European Union. Speaking on the show "Petit Journal" on French Canal+ television station, the EU official...

If main opposition SYRIZA comes to power in possible snap election next year, it will demand a reduction in Greece's debt from its bailout program, party leader Alexis Tsipras said earlier today during a financial conference in Athens. According to the...

The Greek government sent an email to the Troika on Saturday evening, containing all the measures that Greece is willing to commit to, if the Troika returns to Athens. The next few hours are considered extremely critical, as the lenders...

Debts to the Greek state hit a new record high. In the first half of 2014, debts amounted to 6,225 billion euros, according to figures published by the General Secretariat of Public Revenue. Adding the debts accumulated by the end...

Evangelos Venizelos had announced the meeting with President Karolos Papoulias, where he intended to comment on the statements of SYRIZA leader, Alexis Tsipras and also to propose some ways to “reunite the nation” and maintain stability in the country. Mr....