Thursday , August 11 2022
Home / Tag Archives: austerity measures (page 2)

Tag Archives: austerity measures

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 »

Dismantling Greece and fed it to profit-hungry corporations

The Eurozone’s masks have fallen. Hardly anyone has anymore the illusion that the 3. bailout aims to facilitate Greece to pay back its debts and that it therefore needs  more austerity or “reforms” as they are euphemistically been called. On one hand the 3. bailout brings additional cuts in health …

Read More »

Creditors’ new combo “The Troika Four” started inspections in Athens

I have been wondering whether the new Troika which is a Quartet should be called “The Creditors’ Quartet” or “The Troika Four” or just “Greece’s creditors”. The new combo of representatives from European Commission, International Monetary Fund, European Central Bank and European Stability Mechanism definitely news a new short description, …

Read More »

Creditors want permanent austerity – till the end of Greeks’ days

Did the Euro Working Group give ultimatum No 2,456,979,579 to Greece to comply with creditors’ additional austerity demands? It is not clear. Some European Commission “unnamed sources” told Reuters “it did”, others say “it did not.” Greek media reported that “Greece had 6 working days to present convincing measures that …

Read More »

Fat & Sugar Tax – an old Troika dream to come true?

How much fat has one Souvlaki in pita bread? What’s the percentage of saturated fats in a portion of grilled lamb country style? And how much additional revenues can one triangle of walnuts-phyllo dough soaked in sirup bring to the state? These key questions will have to be answered in …

Read More »

Eurogroup warns: No debt forgiveness for Greece; Dijsselbloem in Athens

The eurozone has ruled out debt forgiveness for Greece and warned Alexis Tsipras that his anti-austerity coalition government must honor all past agreements with international creditors. In a meeting of eurozone finance ministers in Brussels on Monday, a day after left-wing SYRIZA won the parliamentary elections, the euro bosses warned …

Read More »

Troika-Greece: one way street ending in deadlock, anyway…

Two days ago, I posted a question: why the EU-partners did not support Samaras coalition government. Today Reuters comes to confirm my suspicion. That the EU-partners together with the International Monetary Fund literally pulled the carpet under Samaras’ feet by asking more austerity measures: “IMF and EU officials insisted on …

Read More »

FIDH: “Austerity measures constitute an unprecedented assault on human rights”

Austerity measures adopted in response to the economic crisis have adversely impacted human rights. The austerity measures traumatized the labor market and the healthcare system,  fuelled a sharp increase in unemployment,  triggered disastrous social effects, curtailed fundamental freedoms in Greece, denounce the International Federation of Human Rights (FIDH) and its …

Read More »