austerity measures – News Stories About austerity measures - Page 3

Oct 19, 2011 7:01 AM CDT

Massive Strike Shuts Greece

An estimated 50K protest in Athens

(Newser) - Workers across Greece walked off the job today for a crippling 48-hour general strike, closing shops, schools, courts, ports, and more. A host of flights were canceled—though mercifully airline workers shortened their strike to just 12 hours—and public transportation was functioning with a reduced staff, according to the...

Berlusconi Tries to Ease
Fears of Italian Default

Jul 12, 2011 11:46 AM CDT

Berlusconi Tries to Ease Fears of Italian Default

Administration pushing through $56B in cuts

(Newser) - Silvio Berlusconi’s government is trying to fast-track a $56 billion austerity package in a bid to allay fears that Italy is about to join Europe’s debt crisis . “For us, for Italy, this is certainly not an easy moment,” the prime minister said in a statement. “...

Greece Passes 2nd
Austerity Bill

Jun 30, 2011 9:25 AM CDT

Greece Passes 2nd Austerity Bill

Final hurdle before receiving bailout funds now cleared

(Newser) - Greece has bought itself some time to deal with its crippling debt crisis after lawmakers cleared the final hurdle for crucial bailout funds to be released, which will prevent the country from defaulting next month. The EU and IMF had demanded Parliament pass two bills— an austerity law and a...

Greek Austerity
Measures Pass

Jun 29, 2011 8:31 AM CDT

Greek Austerity Measures Pass

Despite protests, bill grabs majority in parliament

(Newser) - It’s official: Greece’s parliament has approved a wave of sweeping—and wildly unpopular—austerity measures, paving the way for it to receive bailout loans from Europe to avoid defaulting on its debt, the AP reports. The bill passed 155-138, garnering even the support of Alexandros Athanassiadis, a Socialist...

Greece Austerity Measures: Riots Erupt as Vote Nears

Streets Erupt as Greece
Begins Austerity Vote

Jun 29, 2011 7:47 AM CDT

Streets Erupt as Greece Begins Austerity Vote

Deep cuts expected to pass

(Newser) - Things got ugly in the streets of Athens today, as Greece’s parliament began voting on austerity measures—needed to keep the nation out of default—that looked increasingly likely to pass. Police firing tear gas fought what Reuters describes as “running battles” with protesters, who threw firebombs, rocks,...

Greece Debt Crisis: Greeks Launch Strike; 27,000 Protest

Youths Hurl Rocks as Greeks Begin 2-Day Strike

Jun 28, 2011 7:52 AM CDT

Youths Hurl Rocks as Greeks Begin 2-Day Strike

20,000 march on Parliament

(Newser) - Greek workers launched a 48-hour general strike today to protest government austerity measures as 20,000 demonstrators headed to Parliament and another 7,000 marched in the country’s second-biggest city. Some 5,000 police guarded Athens, and while the initial protests were peaceful, things are heating up. Young people...

Greek Strikers Throw
Yogurt, Firebombs

Jun 15, 2011 9:07 AM CDT

Greek Strikers Throw Yogurt, Firebombs

As police fire tear gas into crowd to push protesters away from Parliament

(Newser) - A rally of more than 20,000 protesters in Athens' Syntagma Square turned ugly today, as police fired tear gas into the crowd and protesters hurled rocks, firebombs, and even yogurt at them. There was also fighting amongst the crowd, with demonstrators clashing with a group of violent hooded youths,...

Lesson From Europe:
'Savage Austerity' Won't Help

paul krugman

Mar 25, 2011 1:28 PM CDT

Lesson From Europe: 'Savage Austerity' Won't Help

Paul Krugman: Portugal, Ireland, UK learned the hard way

(Newser) - Just a few years ago, global leaders knew they had to focus on job creation before they tackled deficits. But that strategy “has been abandoned in the face of phantom risks and delusional hopes,” writes Paul Krugman in the New York Times . Now, it’s all about reducing...

Portugal Gov't
Verges on Collapse

Mar 23, 2011 9:08 AM CDT

Portugal Gov't Verges on Collapse

Country could soon go the way of Greece, Ireland

(Newser) - Today promises to be a tumultuous day in Portugal, with all signs pointing to the resignation of Prime Minister Jose Socrates and the collapse of his minority Socialist administration. The country’s parliament is expected to vote down Socrates’ austerity plan, a move the prime minister contends will force the...

Balcony Jumper Interrupts Romanian Parliament

Dec 23, 2010 8:35 AM CST

Balcony Jumper Interrupts Romanian Parliament

While wearing a T-shirt reading: 'You killed our children's future'

(Newser) - One way to register your disgust with government: Jump off a balcony and into the middle of parliament. That's what Adrian Sobaru did in Romania today. The father of two, a public television employee, suffered face wounds after he flung himself from the balcony, apparently in protest over government austerity...