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Greek Prime Minister says no more austerity
Greek Prime Minister Antonis Samaras on Saturday promised his recession-weary nation that there would be “no more austerity measures” as international creditors prolonged an audit of crisis reforms. “There will be no more austerity measures,” Samaras said in a televised speech to his conservative party’s political committee. “And as soon…
International creditors doubt Greece can meet goals
Greece’s international creditors no longer believe Athens can achieve its financial objectives, especially a reduction in its debt burden, the German business newspaper Handelsblatt reported. “Until now, creditors worked on the principle that Greece would achieve a sustainable level of indebtedness by 2020. This goal is no longer achievable,” the…
Greece strike begins with thousands on streets
More than 60,000 protesters marched in Greek cities on Wednesday, police said, as a two-day general strike began against a new austerity bill demanded by Greece’s international creditors to avert bankruptcy. The highest turnout was in Athens where over 52,000 people converged on central Syntagma Square, where parliament is located, in separate protests organised by…
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