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Tag Archives: austerity

Pressure in Davos: Reports claim Schaeuble wants Grexit debate in 2016

A storm is brewing over Greeks’ heads with German Finance Minister Wolfgang Schaeuble to insist on Grexit? According to Wall Street Journal, Greek Prime Minister Alexis Tsipras is trying his best to avert a fresh confrontation over Greece’s bailout, the country’s broken finances and the participation of the International Monetary …

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Juncker “trolls” Greeks: We take measures after checking their impact on the vulnerable groups of the society

The President of the European Commission massively “trolled” Greeks today. Speaking at the European Parliament, Jean-Claude Juncker claimed that before European creditors impose austerity measures, they first check with the impact of the measures to the vulnerable groups of the society. “Today, if a country needs to pursue an adjustment …

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EU Commission Not Satisfied with Greek bailout talks? No problem. Millions of Jobless Not Satisfied either…

European Commission spokesman Margaritis Schinas said Thursday that the European Commission was “not satisfied with the progress of reforms talks between Greece and its creditors.” “Work needs to intensify” Schinas said hinting to the next eurogroup meeting on April 24th and added that “This sequence of events…has not yet materialized, …

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Greek government spending decreasing, but debt/GDP high

There is certainly something wrong with the bailout and strict austerity program imposed by the creditors on Greece, so far. Government spending has been constantly decreasing but the debt/GDP ratio remains high. In fact it is higher than before the bailout in 2010… “Latest Greek data show government spending -21% …

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WSJ: Greece’s crisis in numbers

Recession? Unemployment? Poverty? Over-taxation?  Padlocks in businesses? Braindrain? It’s all there. In an article posted on Wall Street Journal. Pure and official statistics. The Numbers: Greece in Crisis Greece is reeling from the effects of the biggest economic crisis in its recent history. Here are some statistics underscoring the severity …

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