All posts tagged "austerity"
Greeks call strike over austerity and bailout reforms
Government has agreed to cut spending further, sell coal-fired power stations and tighten rules for calling a strike
- Posted December 14, 2017
Greek state budget sees steady pick-up in economy
ATHENS, Greece – Greece’s government on Monday presented what it calls the last of the bailout-era state budgets, predicting economic growth of 2.4 percent and a significant budget surplus in 2018. In the draft 2018 budget, the economy is...
- Posted October 2, 2017
Greek parliament approves new creditor-demanded cutbacks
15,000 people protested in a second day of demonstrations
- Posted May 18, 2017
Méndez takes over House Speakership, promises transparency
SAN JUAN – House Speaker Carlos “Johnny” Méndez said one of his priorities will be to redistribute the $3 billion a year budget of the “calamitous” Department of Education that is entangled in red tape and doesn’t...
- Posted January 9, 2017
Prime minister announces handouts as strike cripples Greece
ATHENS, Greece – As thousands of Greeks protested against government spending cuts during a general strike that crippled the country Thursday, struggling Prime Minister Alexis Tsipras announced one-off measures to ease the burden on pensioners and island...
- Posted December 8, 2016
Greece needs debt relief, eurozone central banker says
ATHENS, Greece – A top European finance official on Monday urged Greece’s bailout lenders to grant the country relief on its massive debts if Athens agrees to impose tougher budget austerity measures. European Central Bank executive Benoit...
- Posted November 28, 2016
Greece awaits Obama trip amid tough bailout talks
ATHENS, Greece – Greece’s government says it was facing pressure from the International Monetary Fund to aggressively scale back union powers and employment rights, as the White House confirmed Tuesday that U.S. President Barack Obama will pay...
- Posted October 25, 2016
Greek Parliament Approves Tweaks to Latest Austerity Package
French prime minister promises Greece more help with reforms
- Posted June 3, 2016
With Austerity Light on Taxes, Cyprus Sees Economy Rebound
Emerges with solid growth and a dropping, but still high unemployment rate
- Posted May 20, 2016
Greek Lawmakers to Vote on More Austerity over Weekend
ATHENS, Greece – Greek lawmakers are set to vote on more budget austerity measures on Sunday, in time for a meeting of eurozone finance ministers who will discuss whether to release more bailout funds for the debt-ridden...
- Posted May 17, 2016