Greece
Speculation on Greek default mounts as EU demands still more cuts
By Robert Stevens, February 11, 2012
With speculation mounting of a possible forced exit from the euro, the unelected governing coalition led by Greek Prime Minister Lucas Papademos is pledging to meet whatever requirements are demanded of it.
The looting of the Greek working class
By Peter Schwarz, February 10, 2012
The “troika” of the European Commission, the International Monetary Fund and the European Central Bank is demanding no less than the complete ruination of the Greek working class.
Greek parties in talks as banks demand deep wage, social cuts
By Alex Lantier, February 9, 2012
Leaders of the three political parties in Greece’s coalition government met yesterday to discuss new demands from European financial authorities for deep cuts in wages and social spending.
Greek government agrees to savage cuts, but troika demands more
By Robert Stevens, February 8, 2012
Talks held Tuesday night between the three parties making up the Greek government of Prime Minister Lucas Papademos failed to finalise the cuts demanded of it in return for a €130 billion rescue package.
Greece default closer amid warnings of “social explosion”
By Nick Beams, February 6, 2012
The austerity measures being demanded are said to include a 25 percent cut in the minimum private sector wage and a 35 percent reduction in supplementary pensions.
Berlin calls for EU-run bankers’ dictatorship over Greek economy
By Stefan Steinberg, January 30, 2012
The German government is proposing that the European Union be empowered to directly control Greek budget policy.
Banks and EU leaders pressure Greece for more austerity
By Stefan Steinberg, January 23, 2012
International financial institutions and European leaders are demanding more of the budget cuts that have had such consequences for Greek workers over the past three years.
Unelected prime minister demands more sacrifices from Greek workers
By Stefan Steinberg, January 7, 2012
Greek Prime Minister Lucas Papademos met with trade union leaders on Wednesday to win their support for a new round of austerity.
Troika demands Greece make billions more in spending cuts
By Robert Stevens, December 22, 2011
Days after the unelected government of Greek Prime Minister Lucas Papademos passed a drastic austerity budget, the IMF, the EU and the European Central Bank are demanding billions more in cuts.
New fears of Greek default and new austerity demands against Greek workers
By Robert Stevens, December 15, 2011
The unelected government of Prime Minister Lucas Papademos is facing a possible default on the nation’s mounting debt as the international banks demand further concessions in return for loans.
Greek government imposes new austerity budget
By Robert Stevens, December 10, 2011
Early Wednesday morning, the unelected Greek “technocratic” government of former central banker Lucas Papademos passed a brutal austerity budget.
Mass layoffs in Greece’s public sector
By Christoph Dreier, December 1, 2011
On Monday, the new Greek government began implementing mass forced retirements in the public sector.
Follow us on