Tag: Greece
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Greece approves austerity bill as violence spreads throughout the country
ATHENS— Early this morning, under heavy guard from riot police, as buildings burned across central Athens and violence spread around the country, the Greek Parliament, defying tens of thousands of people massed in the streets of the capital, approved a deeply unpopular package of spending and wage cuts to secure a second European Union /International…
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As Predicted: Unrest Flares on Streets of Athens
BY ALKMAN GRANITSAS, ANDREA THOMAS AND NEKTARIA STAMOULI ATHENS—Clashes broke out in central Athens Friday as Greece’s major unions launched a 48-hour nationwide strike to protest new austerity measures demanded by the country’s creditors, adding to social tension in a country now in its fifth year of economic recession. Hundreds of hooded youths in the…
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Toward a new Worldwide Economic Crisis
For years, the successive governments of Greece like many others governments of the world today, have been spending money they didn’t have. As a result, the country ran up a massive deficit, reaching an estimated 13.6% by 2010. To deal with it, Greece started to misreport its official financial statistics and actually paid hundreds of…
J. Michael Dennis ll.l., ll.m. Live 