Monday , May 29 2017
Home / Tag Archives: austerity measures

Tag Archives: austerity measures

IMF report: Greece’s debt ‘highly unsustainable’, cut pensions, tax increases for the poor

‘Greek public debt is highly unsustainable, the International Monetary Fund said in a report to be discussed during a board council meeting in Washington later today. The report, exclusively presented by Athens News Agency, said that the Greek economy faced four challenges. The country’s public debt was highly unsustainable the …

Read More »

Tsipras: Greece will not enact “a single euro extra revenue raising measures”

Prime Minister Alexis Tsipras promised that “Greece will not enact a single euro extra revenue raising measures.” Moreover he said that he was “ready for elections” although early elections would be pointless at this time. Tsipras promise comes as the SYRIZA-INTERDEPENDENT GREEKS prepares to celebrate two years in power, while …

Read More »

Athens: Fire tragedy reveals 3 middle-aged people have been living without electricity for a shamefully long time

One man lost his life and two people suffered burn injuries when a fire broke out this morning in an apartment in Zografou, a middle-class suburb of central Athens. The fire brigades rushed to the apartment-building managed to rescue a man, 57, and a woman 43, but were unable to …

Read More »

Greeks suffered wages losses of -28.16% from 2010 to 2015

Five years of loan agreements, memoranda of understanding, austerity measures and internal devaluation. And here is the bill for Greece’s employees: a decrease of 28.16% within five years. According to data from the Hellenic Statistical Authority (ELSTAT) salaries were cut by 28.16% in the period of the first memorandum of …

Read More »