Greece Topics

Austerity-2_use

Democracy Now! reports on Greece.

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  • Buttons_tsipras-2
    Greek Prime Minister Alexis Tsipras announced his resignation on Thursday, paving the way for new elections in which he will run. The move came after Tsipras lost the support of many members of his own Syriza party, which opposed his backing of the demands of international creditors for yet more austerity and economic reform in exchange for a new $96 billion bailout. Many analysts predict Tsipras will retain his post as prime minister after...
    August 21, 2015 | Story
  • Buttons_sanders-1
    Democratic presidential hopeful Bernie Sanders recently convened a panel of economists in Washington to discuss the debt crisis in Greece and throughout the world. In his opening statement, Sanders talked about the debt crisis in Greece as well as in Puerto Rico. "It is time for creditors to sit down with the governments of Greece and Puerto Rico and work out a debt repayment plan that is fair to both sides," Sanders said. "The...
    August 21, 2015 | Story
  • Bn2015-0716_greece
    Protests erupted in Greece Wednesday as the Greek Parliament approved harsh new austerity measures in exchange for a third European bailout. Greek Prime Minister Alexis Tsipras won the parliamentary vote by a vote of 229 to 64. But 32 members of his own Syriza party voted against the plan, including former Finance Minister Yanis Varoufakis. Lawmakers approved the harsh austerity measures just days after voters rejected similar reforms in a...
    July 16, 2015 | Story
  • Greece
    Greek Prime Minister Alexis Tsipras is facing protests from members of his own Syriza party after accepting harsh austerity measures in exchange for a new international bailout. In order for the deal to move forward, the Greek Parliament must accept pension cuts and other reforms by Wednesday, 10 days after voters rejected similar reforms in a referendum. On Monday, Greek Defense Minister Panos Kammenos accused Germany of staging a coup. We...
    July 14, 2015 | Story
  • Greece-button-4
    Greek Prime Minister Alexis Tsipras has submitted a bailout proposal which includes harsh austerity measures, just days after the Greek people overwhelmingly rejected such measures in a historic referendum. The proposal submitted to Greece’s creditors reportedly includes tax increases, pension cuts, a reduction in military spending, and the privatization of public assets. It comes after Tsipras himself had urged the Greek people to...
    July 10, 2015 | Story
  • Greece-button-3
    Greek Prime Minister Alexis Tsipras has arrived in Brussels for an emergency eurozone summit two days after Greek voters overwhelmingly turned down the terms of an international bailout in a historic rejection of austerity. On Sunday, Greeks, by a 61-to-39-percent margin, voted against further budget cuts and tax hikes in exchange for a rescue package from European creditors. Tsipras is scrambling to present a new bailout proposal as Greek...
    July 07, 2015 | Story
  • Greece-button-2
    As Greek voters reject further budget cuts and tax hikes in exchange for a rescue package from European creditors, who is to blame for the debt crisis embroiling Greece? Is Germany trying to crush Greece to set an example? Will Greece leave the eurozone? What does this mean for the global economy? We speak to Richard Wolff, emeritus professor of economics at University of Massachusetts, Amherst, and visiting professor at New School University....
    July 07, 2015 | Story
  • Greeks-vote-no_use
    Greek voters have overwhelmingly turned down the terms of an international bailout in a historic rejection of austerity. With a margin of 61 to 39 percent, Greeks voted no to further budget cuts and tax hikes in exchange for a rescue package from European creditors. Polls had indicated a narrow vote, but the "no" side swept districts across the country. Thousands of people flocked to Athens’ Syntagma Square Sunday night in...
    July 06, 2015 | Story
  • Noamchomsky32
    Watch Noam Chomsky on Europe’s "savage response" to the pushback against austerity demands.
    July 01, 2015 | Web Exclusive
  • Greece_use
    Tens of thousands of Greeks have protested against further austerity cuts ahead of a key referendum on a new European bailout. The demonstrations come as the country confirms it will not meet the deadline for a $1.8 billion loan repayment due by 6 p.m. Eastern time tonight, deepening Greece’s fiscal crisis and threatening its exit from the eurozone. Greece will hold a vote this Sunday on whether to accept an austerity package of budget...
    June 30, 2015 | Story