Greece
Economy
Poll: 4 in 10 Greeks Believe Tsipras Brought the Worst Austerity Measures
Four in 10 Greeks believe that the Alexis Tsipras government has brought on the worst austerity measures, according to a poll by the University of Macedonia.
Conducted on behalf of Skai television, the survey shows that the majority of Greeks...
Greece
Greek Coalition Voted the Austerity Measures Amid Strong Reactions in and out of House
The SYRIZA-ANEL coalition on Thursday night voted for the harsh austerity measures required by Greece's creditors amid strong reactions from the opposition and thousands protesting outside the House.
All 153 lawmakers of the two ruling parties voted for the measures...
Economy
Nationwide Strike in Greece While Parties Clash over Austerity Measures in Parliament
A nationwide strike has paralyzed Greece on Wednesday, while in parliament government and opposition parties have started a heated discussion over the new austerity measures tabled for voting.
Train, bus, ferry and airline services are disrupted while private and public...
Economy
Public Entities, Unions React Strongly to Greek Gov't Austerity Measures
The reaction of public entities and unions to the new austerity measures the Greek government is trying to pass was expressed with strong language in the House at the discussion of the new omnibus bill.
Phrases like "You conned us!",...
Economy
Greeks Called Upon to Pay €4.5 Bln in New Austerity Measures
Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in order for the government to close bailout program review.
Specifically, the lowering of the tax-free threshold...
Greece
Anti-Austerity Government Celebrates Austerity Measures
Alexis Tsipras and his cabinet always find something to celebrate. From unfinished highways and under-equipped hospitals they inaugurate with aplomb worthy of banana republic dictators, to paltry handouts to pensioners after they had them drained with pension cuts. Oblivious...
Economy
New Austerity Measures for Greece Include Pension Cuts, Lower Tax-Free Income
The Greek government on Tuesday agreed with international creditors on new austerity measures in order to close the second review of the bailout program, which also paves the way for talks on debt easing.
According to sources close to the...
Economy
Thousands Across Greece Protest Against New Austerity Measures
Τhousands of people gathered in Athens and major cities across Greece on Friday to protest against the new round of austerity measures that the Greek government agreed on.
Five hours before the protest organized by PAME, a Greek Communist Party...
Economy
Greek Government Celebrates More Austerity Measures
In debt-ridden Greece all logic seems to be lost after Friday's announcement by Eurogroup chief Jeroen Dijsselbloem that the second bailout review is close to being completed and lenders will return to Athens to iron out the final details....
Economy
Greek Interior Minister Calls for Opposition to Vote for Austerity Measures
Greece's Interior Minister Panos Skourletis on Monday called for the opposition to vote for the austerity measures creditors demand, with main opposition replying "no way."
Skourletis spoke on RealFM radio arguing that since the measures required by the bailout program...
Economy
Athens Stock Exchange Falls as Fear and Uncertainty Grows Over Austerity Measures and Brexit
The Athens Stock Exchange (ASE) has been on a rollercoaster ride.
On Monday the ASE fell by 3 percent points.
This is following a turbulent week, when on Friday the ASE saw a plunging dip of 4.18 percent.
The drop represents a notable 4 billion euros in...
Greece
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...
Economy
War of Words in Plenary Session Over New Multi-Bill Related to Austerity Measures
The plenary session for the voting of the multi-bill regarding the latest austerity measures, was hostile to say the least, the plenary session started this morning and will carry on through Sunday.
The government led ANEL-SYRIZA party and opposition party, New Democracy are ready...
Economy
Greece Needs Additional Austerity Measures and Reforms to Get Debt Relief, Says ESM Managing Director Klaus Regling
While the voices calling for the “haircut” on the Greek debt are growing ever stronger, European Union (EU) officials remain steadfast, sticking to their position that what is of the utmost importance right now is the implementation of the...
Economy
Greek Junior Coalition Partner: We Will not Support New Austerity Measures
Greece's junior coalition partner Independent Greeks (ANEL) said on Saturday they will not support any new austerity measures and added that “polyphony” of voices is hindering negotiations.
Speaking to a morning talk show on Greek TV, party spokeswoman Marina Chrysoveloni said:...