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Tag Archives: new austerity measures

IMF takes the wind out of the Greek sails, German FinMin speaks warns of Grexit

German Finance Minister Wolfgang Schaeuble and the International Monetary Fund seem to do their best to take the wind out of the Greek government sails. While Prime Minister Samaras and his economic team allegedly prepare taxation cuts, the country’s lenders urge Greeks to continue the so-called “reforms” and even take …

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IMF’s Greece Report: No New Taxes But New Austerity Package

A new chapter of a hell 0f austerity is ahead for Greeks as the International Monetary Fund (IMF) recommends new austerity measures. Even if IMF’s point of view is that  Greece has reached its limit in raising taxes,  the proposed spending cuts that it will translate into salaries and pensions decreases …

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The New Greek Patriot is Born

The New Greek Patriot is born –  after the announcement of the New Austerity Measures “New Patriotism” – the slogan of PM Papandreou to seek support for the harsh austerity measures

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