All posts tagged "Austerity"

More than 20,000 public sector workers demonstrated in Athens Wednesday in a strike against deeper austerity cuts that shut down courts, schools and transport, including air traffic.

LISBON — Tens of thousands of people rallied in Portugal Saturday against the government's austerity measures, protest organisers said, amid projections that the economic situation was far worse than expected.

ATHENS (Reuters) - Greek Prime Minister George Papandreou won a parliamentary majority on Thursday in favor of an implementation law for a five-year austerity plan required under an EU/IMF bailout package.

Greece faces a financial D-Day Wednesday as lawmakers vote on a tough austerity plan to secure new money from creditors to avoid sovereign default despite a last-ditch general strike by protestors.

ATHENS — Greek protestors put up a giant banner early Monday at Athens' iconic Acropolis urging a "counter-attack" against an austerity package imposed by foreign creditors to avoid default.