08 August, 15:37 (ANSAmed) – ATHENS, AUGUST 8 – Greece’s jobless rate hit a new record high of 27.6% in May, official national data showed on Thursday as the country staggers under austerity linked to its international… Read More ›
austerity
Unrest may spread across Europe, warns Red Cross chief
Charity boss ‘worried’ by effect of austerity measures on Continent’s poor Charlotte McDonald-Gibson Friday, 24 May 2013 Rocketing unemployment and poverty in some areas of Europe could lead to rising civil unrest, unless governments take measures to address the humanitarian… Read More ›
Greece: youth unemployment reaches a grim record of 64.2%
Overall February unemployment at 27%, against 21.9% in 2012 09 May, 16:31 (by Patrizio Nissirio) (ANSAmed) – ROME, MAY 9 – While Greek Finance Minister Yannis Stournaras assures that ”Greece is on the right path” and that recovery and new… Read More ›
20,000 Swiss civil servants protest austerity
AFPMarch 17, 2013, 2:52 am AFP © 20,000 Swiss civil servants protest austerity GENEVA (AFP) – Some 20,000 teachers, police, hospital workers and other civil servants gathered in the Swiss capital Saturday to protest austerity measures and demand better working… Read More ›
Hundreds of thousands march against austerity in Portugal
02 Mar 2013 LISBON (AFP) Hundreds of thousands of people took to the streets of Lisbon and other Portuguese cities Saturday to protest against the government’s austerity measures aimed at rescuing the debt-hit eurozone nation. The rallies were organised by a… Read More ›
Italy halts austerity plan leaving EU in turmoil
Fears that deadlock will lengthen Italy’s two-year recession and spill over into rest of the eurozone hit markets across Europe Ian Traynor in Brussels, John Hooper in Rome and Phillip Inman The Guardian, Tuesday 26 February 2013 15.38 EST Italy’s decision… Read More ›
Middle-class Greeks to fork out over 40% of annual salary in tax: ” in order to qualify Greece for more bailouts”
Published: 12 January, 2013, 17:20 Edited: 12 January, 2013, 18:31 Athens passed new tax increases to boost revenue by US$3 billion to keep in line with previous commitments to creditors. The new measures limit family benefits and force the middle… Read More ›
Recent Footage Greek Riots
Violence erupts at Greek anti-cuts protest
Ahead of key votes, Greek PM warns of euro exit
04Nov2012 ATHENS (AFP) Greek Prime Minister Antonis Samaras warned again Sunday that the debt-crippled country could be forced out of the euro if parliament fails to approve a new round of austerity measures needed for a lifeline from creditors. “We… Read More ›
Crisis: Pensions measures unconstitutional, Greek court
01 November, 17:53 (Refile with correct slug) (ANSAmed) – ATHENS, NOVEMBER 1 – Greece’s Supreme Court of Audit ruled that austerity measures that include cut to pensions and an increase in the retirement age are unconstitutional, state-run Athens News Agency… Read More ›
Around three thousand Spanish police rally against loss of Christmas bonus
Sunday, 28 October 2012 Around three thousand off-duty police officers rallied outside the Interior Ministry in the Spanish capital to protest austerity measures and budget cuts that will see their Christmas bonuses hit the chopping block. Plain-clothes police donning blue… Read More ›
Anti-austerity protesters urge Spain government to resign in Madrid rally
By Agence France-Presse Saturday, October 27, 2012 18:08 EDT Topics: budget cuts ♦ demonstrators ♦ Spain government Thousands of anti-austerity demonstrators marched in the Spanish capital Saturday calling for the conservative government to resign because of its severe budget cuts…. Read More ›
General strike to shut down services in Greece: 70% of it is caught between poverty and destitution
Updated: 07:40, Thursday, 18 October 2012 Unions in Greece are holding another general strike against the country’s austerity program, as European leaders gather for a summit in Brussels. Greek journalists and media workers staged a strike yesterday Today’s strike is… Read More ›
Greek unemployment rate hits 25.1 percent in July as recession heads for sixth year
By Associated Press, Published: October 11 ATHENS, Greece — Unemployment in Greece hit a record high of 25.1 percent in July as the country’s financial crisis continues to exact its heavy toll, official figures showed Thursday. All indications are that… Read More ›
Spain’s credit rating downgraded to near junk
S&P downgrades Spain’s credit rating Rating agency Standard & Poor’s has downgraded Spain’s credit rating by two notches, warning that the deepening economic recession is limiting the government’s options. <!– remove the whitespace added by escenic before end of tag… Read More ›
Greek shipyard workers clash with police, storm Defense Ministry complex
About 250 shipyard workers stormed the Greek Defense Ministry in Athens on Thursday, demanding to be paid their wages and calling for an audience with the Greek Defense Minister. The shipyard workers were from the Hellenic Skarmangas shipyard. Furious over… Read More ›
Debt crisis: troika demand even tougher austerity on stricken Greece
Greece’s international creditors are demanding the imposition of even tougher austerity measures despite the delivery this week of Antonio Samara’s hard-won €13.5bn package of cuts. Protester sitting in wheelchair waits along with other protesters for troika inspectors to arrive Photo:… Read More ›
France’s socialist president set to unveil unprecedented austerity plan: 75-percent tax on income exceeding one million euros
By Agence France-Presse Sunday, September 9, 2012 12:09 EDT PARIS — France’s Socialist President Francois Hollande was due to announce on Sunday unprecedented belt-tightening measures of billions of euros amid mounting discontent over the flagging economy and job cuts. Hollande,… Read More ›
Engineering Evil 