Greece Austerity
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IMF's Gita Gopinath Has To Tread Carefully, Says Raghuram Rajan
Especially in borrower countries like Greece and Argentina, the IMF still gets portrayed as an enforcer of one-size-fits-all policies based on austerity and the unimpeded flow of goods and money.
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Greeks Join Nationwide Strike Over New Round Of Bailout Reforms
The protest strike in Greece was called by the main public and private sector unions a day before parliament was due to vote on reforms that would unlock the next tranche of funds from an 86 billion euro bailout.
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Greek Taxes Strangle Funds Industry In Name Of Austerity
Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month.
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Young Greek Women Selling Sex For The Price of a Sandwich, New Study Shows
Young Greek women are selling sex for the price of a sandwich as six years of painful austerity has pushed the European country to the financial brink, a new study showed Friday.
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Striking Greeks Take to Tension-Filled Streets in Austerity Protest
Striking Greeks took to the streets on Thursday to protest austerity measures, setting Alexis Tsipras' government its biggest domestic challenge since he was re-elected in September promising to cushion the impact of economic hardship.
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Challenging Task Ahead For Alexis Tsipras After Poll Victory: Greek Media
Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the challenging task of building consensus in a fractious society traumatised by years of austerity, local media said today.
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Greek Parliament Approves Bailout Measures as Syriza Fragments
The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras.
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IMF Calls for Greece Debt Relief Ahead of Bailout Vote
The IMF's stark warning on Greece's debt came as Prime Minister Alexis Tsipras struggled to persuade deeply unhappy leftist lawmakers to vote for a package of austerity measures.
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International Monetary Fund Calls for Greece Debt Relief Ahead of Bailout Vote
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
-
Secret IMF Report: Greece Needs Debt Relief Far Beyond EU Plans
The updated debt sustainability analysis (DSA) was sent to euro zone governments late on Monday, hours after Athens and its 18 partners agreed in principle to open negotiations on a third bailout programme of up to 86 billion euros in return for tougher austerity measures and structural reforms.
-
Eurozone Strikes Greek Deal With Tough Conditions
The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.
-
Euro Zone Demands More From Greece, Delays Decision on Aid
Sceptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.
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Greece Faces Last Chance to Stay in Euro as Cash Runs Out
Greece faces a last chance to stay in the euro zone today when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.
-
Euro Steady After Greek Austerity Vote
The euro held steady Tuesday as investors await the next move by European leaders after Greece at the weekend voted against accepting more austerity measures, pushing closer to a eurozone exit.
-
Eurozone's Poorer Nations Take Hard Line on Greece
The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are taking a hard line on Greece after its people voted to reject bailout terms.
-
IMF's Gita Gopinath Has To Tread Carefully, Says Raghuram Rajan
Especially in borrower countries like Greece and Argentina, the IMF still gets portrayed as an enforcer of one-size-fits-all policies based on austerity and the unimpeded flow of goods and money.
-
Greeks Join Nationwide Strike Over New Round Of Bailout Reforms
The protest strike in Greece was called by the main public and private sector unions a day before parliament was due to vote on reforms that would unlock the next tranche of funds from an 86 billion euro bailout.
-
Greek Taxes Strangle Funds Industry In Name Of Austerity
Greece's latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month.
-
Young Greek Women Selling Sex For The Price of a Sandwich, New Study Shows
Young Greek women are selling sex for the price of a sandwich as six years of painful austerity has pushed the European country to the financial brink, a new study showed Friday.
-
Striking Greeks Take to Tension-Filled Streets in Austerity Protest
Striking Greeks took to the streets on Thursday to protest austerity measures, setting Alexis Tsipras' government its biggest domestic challenge since he was re-elected in September promising to cushion the impact of economic hardship.
-
Challenging Task Ahead For Alexis Tsipras After Poll Victory: Greek Media
Greek Prime Minister-elect Alexis Tsipras has reaffirmed his dominance on the political landscape, but now faces the challenging task of building consensus in a fractious society traumatised by years of austerity, local media said today.
-
Greek Parliament Approves Bailout Measures as Syriza Fragments
The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras.
-
IMF Calls for Greece Debt Relief Ahead of Bailout Vote
The IMF's stark warning on Greece's debt came as Prime Minister Alexis Tsipras struggled to persuade deeply unhappy leftist lawmakers to vote for a package of austerity measures.
-
International Monetary Fund Calls for Greece Debt Relief Ahead of Bailout Vote
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
-
Secret IMF Report: Greece Needs Debt Relief Far Beyond EU Plans
The updated debt sustainability analysis (DSA) was sent to euro zone governments late on Monday, hours after Athens and its 18 partners agreed in principle to open negotiations on a third bailout programme of up to 86 billion euros in return for tougher austerity measures and structural reforms.
-
Eurozone Strikes Greek Deal With Tough Conditions
The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.
-
Euro Zone Demands More From Greece, Delays Decision on Aid
Sceptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.
-
Greece Faces Last Chance to Stay in Euro as Cash Runs Out
Greece faces a last chance to stay in the euro zone today when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout.
-
Euro Steady After Greek Austerity Vote
The euro held steady Tuesday as investors await the next move by European leaders after Greece at the weekend voted against accepting more austerity measures, pushing closer to a eurozone exit.
-
Eurozone's Poorer Nations Take Hard Line on Greece
The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are taking a hard line on Greece after its people voted to reject bailout terms.
