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Tag Archives: austerity

Four more decades of austerity for Greece

Greece has been one of the biggest economic failures one normally sees in countries hit by war of revolution. After eight years of bailouts, brinkmanship and even more bailouts, Greece’s economy is finally ready to stand on its own again. Well, what’s left of it, writes an analyst on Washington …

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Greek Parliament passes austerity bill with prior actions worth €5.5billion

The Plenary of the Greek Parliament passed the omnibus bill with the prior actions necessary for the conclusion of the fourth and final review of the Greek programme. The fast-track bill was passed on Thursday afternoon with 154 votes in favor and and 144 against, in a total of 298 …

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Tsipras in Davos: “Turkey is an aggressive neighbor” blames “austerity policies” for rise of racism and nationalism in Europe

Speaking at a panel discussion in Davos, Switzerland, Greek Prime Minister Alexis Tsipras described Turkey as an “aggressive neighbor.” Addressing the migration crisis, he blamed “austerity policies” for “the rise of racism and nationalism in Europe.” His European partners couldn’t always appreciate the challenges of living with an ‘aggressive’ neighbor …

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Ghost of Christmas Present: PPC cuts power to mother of four

Ignorance? Want? Ugly, mean and greedy little creatures? That was in mid-Victorian England and in Charles Dickens’ A Christmas Carol.  In the novel that has touched millions people ever since it was first published in 1843, ‘the two emaciated children” grow up to be adults, Ignorance as adult man in …

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Santa’s presents to Greek kids fall victim to austerity…

Greece in the eighth year of austerity. Santa may come also to Greek kids but his gifts may suffer austerity cuts as well. Bitter Christmas humor by a Greek cartoonist. The Greek version by Tasos Anastasiou …and the English version translated and designed by @teacherdude  

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ELSTAT: Greece’s GDP shrunk by 26% since 2010, public debt surged

Greece’s GDP shrunk by 61.6 billion euros (26 percent) since 2010, the time span when three bailout memorandums with institutional creditors were signed and implemented, figures showed this week. Additionally, general government revenues decreased by five billion euros, with public sector wages, pensions and welfare benefits cut by 19.13 billion …

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