austerity

Pages

Greece adopts drastic austerity measures

Feb 13, 2012
Overnight, the Greek parliament imposed drastic cuts that will layoff some 150,000 government workers, raise the retirement age and lower the minimum wage by 20 percent. What would the same cutbacks feel like here in the U.S.?
Posted In: Greece, austerity, budget cuts

Protests in Athens over latest proposed cuts

Feb 10, 2012
Greeks are striking again today to protest deep cuts the government wants to make in order to get more bailout money. But even the most recent austerity deal Greece proposed might not be enough.
Posted In: Greece, austerity, budget cuts, Europe debt crisis

Greeks protesting at another critical moment for Europe

Feb 10, 2012
A day after the government submitted a budget cutting plan that’s needed in order for Greece to get more bailout money, there are huge strikes over the cuts going on in Athens today.
Posted In: Greece, Europe debt crisis, austerity

Greece agrees to deep budget cuts

Feb 9, 2012
Just ahead of another meeting of European finance ministers in Brussels, Greece announces that they have agreed to the austerity cuts that would allow them to receive a much-needed $173 billion bailout.
Posted In: Greece, austerity, bailout, greek bailout

Greece's hard road ahead

Feb 9, 2012
With a $172 billion bailout in place, Greeks' futures are looking austere.
Posted In: Eurozone, Greece, greek bailout, austerity

Irish citizens boycott new homeowners tax

Feb 8, 2012
Packed, town hall-style meetings have sprung up all across Ireland over the past several weeks.
Posted In: Ireland, homeowners tax, austerity

Greek talks focus on private debt, second bailout

Feb 6, 2012
Negotiations with private sector creditors are going well, but Greek officials are struggling over terms for a second bailout from the IMF and the EU
Posted In: Greece, greek bailout, austerity

When is the real deadline for Greece?

Feb 6, 2012
Greece was on deadline to deliver a cost-cutting plan to the IMF and EU last week, this past weekend and today. Now, the deadline has been extended. When might the country default?
Posted In: Greece, greek bailout, austerity, Greek debt

The high cost of austerity

Jan 30, 2012
Greek financial woes were front and center at EU headquarters in Brussels today.
Posted In: Greece, Europe debt crisis, austerity

2011 ends with a whimper

Dec 30, 2011
A graph of the stock market in 2011 looks like a contour map of Death Valley glued to the Himalayas. Despite huge swings, the S&P 500 index ended the year remarkably close to where it began.
Posted In: Dollar exchange rate, austerity, S&P 500 index

Pages