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Sunday, October 22, 2017
austerity measures

They Have It Worse: Greece Approves More “Brutal” Budget Cuts

Having already faced off intense–and violent–public opposition to immense austerity measures, Greeks got another taste today: Greece has approved an austerity bill that helps pull their debt-ridden country back from the brink of an immediate default. After days of public unrest and impassioned debate, the Greek parliament voted 155-138 on Wednesday in favor of the […]

June 29, 2011

Greek Fears Send Stocks Tumbling

Fears of default by the Greek government–and increasingly violent anarchist protests against the European Union-imposed austerity regime in Athens–have sent global markets into turmoil, erasing the gains of the last week and threatening to further delay America’s economic recovery: Greek fears intensified after euro-zone officials failed to make progress on discussions about Greek aid and […]

June 15, 2011