Search results
Results from the WOW.Com Content Network
The first austerity package was the first in a row of countermeasures to counter the Greek government-debt crisis.It was approved by the Hellenic Parliament in early 2010. ...
According to an IMF official, austerity measures have helped Greece bring down its primary deficit before interest payments, from €24.7bn (10.6% of GDP) in 2009 to just €5.2bn (2.4% of GDP) in 2011, [67] [68] but as a side-effect they also contributed to a worsening of the Greek recession, which began in October 2008 and only became worse ...
The anti-austerity movement in Greece involved a series of demonstrations and general strikes that took place across the country. The events, which began on 5 May 2010, were provoked by plans to cut public spending and raise taxes as austerity measures in exchange for a €110 billion bail-out, aimed at solving the Greek government-debt crisis.
Greek Prime Minister George Papandreou said his nation won't deepen austerity measures beyond their current levels. The government has already made sharp cuts to national spending, which has ...
The nation's parliament has voted through an extreme austerity budget that was to be the ticket to a new tranche of aid. However, Greece's Greece Faces More Delays After Passing Austerity Budget
Greece faced a sovereign debt crisis in the aftermath of the 2007–2008 financial crisis.Widely known in the country as The Crisis (Greek: Η Κρίση, romanized: I Krísi), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a humanitarian crisis.
The relationship between Germany and France on the one hand and Greece on the other spins from accommodation to exasperation in an almost regular cycle. Despite support of the euro, in concept ...
The Greek government-debt crisis began in 2009 and, as of November 2017, was still ongoing. During this period, many changes had occurred in Greece. The income of many Greeks has declined, levels of unemployment have increased, elections and resignations of politicians have altered the country's political landscape radically, the Greek parliament has passed many austerity bills, and protests ...