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Tag Archives: austerity measures

Athens: students protest universities and colleges mergers, burn EU flag

More than 4,000 students protested outside the Parliament on Thursday as Greek lawmakers voted for “Athena plan” that will merge or even close down more than 300 university and technical college faculties and departments. The mergers are imposed by Greece’s international lenders, the EU-IMF-ECB Troika, in an effort to cut public …

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Greek PM Samaras to meet the Troika – Habemus euros?

Greek Prime Minister Antonis Samaras will meet representatives of the country’s  international lenders from IMF, ECB and EU on Tuesday afternoon. The meeting follows tough negotiations between Greek key ministers and high-ranking officials on one side and the Troika’s representatives as well as technical teams on the other side. Antonis Samaras …

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Troika seeks to end compulsory military service in Greece

Greece’s masters, the Troika of EU/IMG/ECB, seeks to abolish the compulsory military service in order to reduce state expenditures. According to weekly magazine TO PONTIKI, this measure is being included in the Troika’s evaluation report of the Greek economy. According to the Troika, the proposal aims to reduce defense spending …

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Greek Gov’t Rules Spending Controls & Wages-Pension Cuts Bypassing the Parliament

With two legislative actions and fourteen ministerial decisions the Greek government caused serious damage to two state powers of a sovereign state:  the Legislative and the Executive. Bypassing the Parliament, the government drafted legislative actions that give the Finance Minister super powers. Inspectors at ministries, local governments and public utilities enterprises will monitor …

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€11.5-Billion Package: Totally Perplexed About the Upcoming Austerity Cuts

I am totally baffled! And with me, millions of Greeks following the negotiations between Athens and the Troika, the bargain on the austerity measures to come with the €11.5-billion package. On Friday, we read about the raise of retirement age from 65 to 67, on Monday we read “the Troika doubts the …

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Greeks Have a Good Feeling: Lenders Positive on Program Extension…

Greeks got the feeling, that the climate is changing, it’s turning from negative-rejecting to positive- supportive. Some hints in this direction came from here and there yesterday, claim the Greek media.  The country’s international lenders hint Greece may get the desired two-years extension. That apparently the total message from the Eurogroup meeting in Nicosia on …

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Protesting Policemen Set “Gallows” Outside Greek Finance Ministry (video, picts)

Powerful pictures, full of symbolism: one policeman, one firefighter and one coastal  guard “hang” themselves outside the Greek Finance Ministry in downtown Athens, near the Greek Parliament. They stand there for a couple of minutes. Silent. The crowd chants: “Thieves! Thieves! Thieves!” Video: Protesting Policemen – Gallows outside the Finance Ministry/slogans …

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Social Unrest Nears as Greece’s Society Groups Get Angry at Each Other?

It came as expected. Employees affected by the upcoming wages cuts included in the 11.5-billion-euro package took to the streets. Policemen, firefighters, coastal guards, judges, academics, teachers, doctors, tax officers. Greece’s public sector is boiling. Civil servants protest and strike and threaten with escalation of their mobilization.  Sept 6/2012 – Athens: Riot …

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Eurogroup Meeting on Greece & Spain on Sept 3rd, 2012

The Eurogroup is to hold an extraordinary meeting to discuss Greece and Spain on September 3rd, 2012, Italian news agency ANSA reported citing EU officials who spoke on conditions of anonymity. This is a new meeting announcement but the topics of Spain and Greece are unsurprising as these are the two …

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Tsipras to CNN “Austerity Will Send Us to Hell” (video)

“Austerity will send us directly to hell” That was the main message of Alexis Tsipras, leader of left-wing SYRIZA to an American and international audience. Speaking to CNN’s Christiane Amanpour, Tsipras used the chance also to address German Chancellor Angela Merkel openly accusing her of “having put the euro and …

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