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Tag Archives: austerity

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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PM Tsipras: The era of austerity is over

Greek Prime Minister Alexis Tsipras says the era of austerity is over for his country, painting a positive picture Friday of reforms the country has agreed to take after its latest bailout program ends in 2018. Speaking in parliament, Tsipras described the deal reached Monday as an “exceptional success” and …

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A shocking report: Greeks sink yet deeper in poverty

How can Greeks live on a monthly pension of just a little above 300 euros?  They cannot. Rent or property tax and utility bills swallow the meager income month in, month out. Hardly is a euro left for food or other items that cover daily needs. A food package from …

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Moscovici promises Greece “lighter austerity measures”

EU Commissioner for Economic and Monetary Affairs, Pierre Moscovici, paid a short visit to Athens on Wednesday. Moscovici came to Athens to receive the title of  Honorary Doctor from the Athens University. However, he used the opportunity for a meeting with Greek Prime Minister Alexis Tsipras. “Greek agreement is necessary …

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IMF chief economist Blanchard warned in May 2010 Greece program was not going to work

A report by Olivier Blanchard, a former economic at the International Monetary Fund, has been presented at a meeting organized by the Canadian think tank Centre for International Governance Innovation end of January. In this report,  dated 4. May 2010, then chief economist at the IMF, Olivier Blanchard was warning …

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