Tuesday , July 23 2024
Home / Tag Archives: austerity (page 3)

Tag Archives: austerity

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 …

Read More »

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 …

Read More »

Athens: Angry firefighters raid ministry protesting labor contracts

Angry firefighters broke the main entrance of the Greek Ministry for Administrative Reforms on Wednesday and forced themselves into the building demanding a meeting with the minister. Thousands of firefighters gathered in downtown Athens to protest over their labor contracts that are about to expire. They staged a protest outside …

Read More »

German elections go Greece: Gabriel slams Merkel/Schaeuble on austerity

The elections campaign has officially started in Germany. The Social-Democrats (SPD) with top candidate Martin Schulz challenge the conservative Christian-Democrats (CDU) of Angela Merkel and Wolfgang Schaeuble. While it seemed that the former President of the European Parliament Schulz would have it hard to challenge the Chancellor, the results of …

Read More »

Greece in times of austerity: Police cars on verge of dissolution (picts)

Economic crisis and austerity has reached unprecedented levels in the equipment of public services, including the patrol cars of the Greek police. The union of police officers in Thessaloniki uploaded two pictures from a patrol car. A wooden plank has been placed behind the driver’s seat to keep it upright. …

Read More »

Why are EU & Eurozone partners afraid of Dr Schaeuble?

At the Eurgorup meeting on Monday, Germany won. There will be no program review for Greece this year. Athens has to wait until it could be able to sell bonds to the European Central Bank’s quantitative easing scheme and return to the markets. The stalemate allegedly left Greece’s allies among its …

Read More »

FinMin Tsakalotos admits: Creditors push for more austerity measures for 2019-2020

Without conclusion of the second program review there will be no discussion on debt neither we will enter ECB’s Quantitative Easing and consequently return to the markets. This dramatic warning came from Greece’s Finance Minister Euclid Tsakalotos on Monday. Speaking at the conference “Time for the Greek Economy” in Athens, …

Read More »

IMF economists: Austerity does not deliver Growth

After the Epic Fail of the imposed austerity program to Greece, economists at the  International Monetary Fund seem to have come to their senses. They openly question neo-liberalism: that is austerity and deregulated capital flows. In an article with Title “Neoliberalism: Oversold?” posted on IMF’s website, several economists realize that …

Read More »