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Tag Archives: austerity

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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Extra Levy on Water for Greece households and farmers for the sake of water companies privatization

Not one day passes without an extra charge, a one more charge that empties the Greek pockets and pushes thousands into poverty. Whether unemployed, low-pensioner, vulnerable group of the society, whether employee or entrepreneur, the nightmare of additional financial burden does not stop. Out of the blue, here comes an …

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Parliament adopts austerity bill, Tsipras kicks ball in creditors’ court

Lawmakers of the coalition government left-wing SYRIZA and nationalists Independent Greeks adopted the omnibus bill with new austerity measures 4.9 billion euros for the years 2018-2021. prime Minister Alexis Tsipras said right after the voting he expects form creditors to commit to debt relief measures. All 153 government lawmakers voted …

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Will EU and German support convince French euroskeptics to vote for Macron?

Ex banker, ex socialist and political outsider Emmanuel Macron won the first round of presidential elections in France on Sunday. French elections results have been perceived with a sign of relief in the European Union. A fine day for Europe and Greece, where creditors are expected to return to Athens …

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ETUI: Wages in Greece fall at 3.1% annually since 2009

Workers are still not feeling economic recovery: wages are lower now than they were eight years ago in seven EU member states, according to new research published today by the European Trade Union Institute (ETUI) and European Trade Union Confederation (ETUC). The research also shows that in 18 EU countries …

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