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New Austerity Measures for Greece Include Pension Cuts, Lower Tax-Free Income

The Greek government on Tuesday agreed with international creditors on new austerity measures in order to close the second review of the bailout program, which also paves the way for talks on debt...

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Anti-Austerity Government Celebrates Austerity Measures

Alexis Tsipras and his cabinet always find something to celebrate. From unfinished highways and under-equipped hospitals they inaugurate with aplomb worthy of banana republic dictators, to paltry...

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Greeks Called Upon to Pay €4.5 Bln in New Austerity Measures

Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in order for the government to close bailout program review....

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Public Entities, Unions React Strongly to Greek Gov’t Austerity Measures

The reaction of public entities and unions to the new austerity measures the Greek government is trying to pass was expressed with strong language in the House at the discussion of the new omnibus...

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Nationwide Strike in Greece While Parties Clash over Austerity Measures in...

A nationwide strike has paralyzed Greece on Wednesday, while in parliament government and opposition parties have started a heated discussion over the new austerity measures tabled for voting. Train,...

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Greek Coalition Voted the Austerity Measures Amid Strong Reactions in and out...

The SYRIZA-ANEL coalition on Thursday night voted for the harsh austerity measures required by Greece’s creditors amid strong reactions from the opposition and thousands protesting outside the House....

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Poll: 4 in 10 Greeks Believe Tsipras Brought the Worst Austerity Measures

Four in 10 Greeks believe that the Alexis Tsipras government has brought on the worst austerity measures, according to a poll by the University of Macedonia. Conducted on behalf of Skai television,...

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Greek Government Sees ‘End of the Tunnel’ for Austerity

At a cabinet meeting, held behind closed doors on Wednesday, ministers agreed on the main legislative initiatives to be implemented in the next few weeks, but there was no word when the government...

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Naxos Tavern Owner Finds Clever Way to Protest Against Heavy Taxes, Austerity

A tavern owner on Naxos found an inventive way to protest against the heavy taxes and overall austerity imposed upon Greek people in the past seven years. The businessman made his protest statement on...

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Wolfgang Schauble Waves Goodbye ‘Vindicated’ by Tough Bailout Policies

Wolfgang Schäuble says he feels vindicated by the results of often painful reforms carried out in exchange for EU loans in Greece, Portugal, Ireland and Cyprus. In an interview with the Financial...

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General Strike over Austerity Brings Greece to a Halt

Greek workers have walked off their jobs for a 24-hour general strike that is shutting down  services across the country. Domestic flights and Athens transport were disrupted, ships remained docked...

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EU Source: Greek Bailout Exit in Sight

Associated Press (AP) is reporting a senior EU official in Brussels saying Greece is close to exiting its bailout program. Speaking anonymously on Thursday ahead of a major Eurogroup meeting next...

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Former French Leader Chides Greek PM in Tell-All Book

Greeks voted by over 60 percent to reject austerity measures in 2015. A new tell-all book by former French leader Francois Hollande has claimed Greece’s 2015 referendum on accepting harsh bailout...

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Minister Admits Cuts Will Also Hit Greek Pensions Under €1,000

As elderly Greeks face losing up to €350 ($416) per month when new pension cuts are implemented as of Jan. 1, 2019 a government minister has confirmed that pensions under €1,000 will also be included....

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Greece Faces More Strikes on May 30

Strikers march in Greece (file photo) Greece faces widespread disruption on May 30 as a range of labor unions announce a 24-hour strike. The General Confederation of Greek Labor, which represents over...

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Greek Workers March Against Austerity in Athens (video)

Striking workers, pensioners and students marched through central Athens on Wednesday in protest against a new wave austerity measures that will kick in after the country’s third international bailout...

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OPINION: ‘Macedonia’ Issue is a Smokescreen for New Greek Austerity

Greek Prime Minister Alexis Tsipras (R) with his FYROM counterpart Zoran Zaev. The fact that the Greek government opened the controversial issue of the naming of the Former Yugoslav Republic of...

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Wolfgang Schauble Waves Goodbye ‘Vindicated’ by Tough Bailout Policies

Wolfgang Schäuble says he feels vindicated by the results of often painful reforms carried out in exchange for EU loans in Greece, Portugal, Ireland and Cyprus. In an interview with the Financial...

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General Strike over Austerity Brings Greece to a Halt

Greek workers have walked off their jobs for a 24-hour general strike that is shutting down  services across the country. Domestic flights and Athens transport were disrupted, ships remained docked...

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Clik here to view.

EU Source: Greek Bailout Exit in Sight

Associated Press (AP) is reporting a senior EU official in Brussels saying Greece is close to exiting its bailout program. Speaking anonymously on Thursday ahead of a major Eurogroup meeting next...

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