Tag: protests

Greek parliament approves fresh austerity measures

Greek parliament approves fresh austerity measures

Greece’s parliament has today approved the fresh round of austerity measures – designed to save the country from defaulting on its debts. The measures were one of the conditions of the next instalment of its bailout loan. MPs passed the measures by 155 votes to 138. The latest austerity measures will according to Prime Minister [...]

June 29, 2011 | 0 Comments More
Ireland’s rescue deal to be signed off

Ireland’s rescue deal to be signed off

The bailout package for Ireland has finally been signed off after days of negotiation between the Irish authorities, the EU, the European Central Bank and the International Monetary Fund (IMF). Full details of the rescue package, which is worth €85 billion (£72 billion), will be confirmed by the Irish Government once it has been approved [...]

November 28, 2010 | 0 Comments More
Greece makes ‘considerable progress’

Greece makes ‘considerable progress’

International Monetary Fund (IMF) and European Union (EU) auditors have today said Greece has made “considerable progress” in dealing with its public deficit. For many months now, Greece has been making big cuts to public spending. However, this has met with strong opposition from unions. Greece’s two main unions have launched several strikes this year [...]

August 5, 2010 | 0 Comments More
Italy approves €24bn austerity package

Italy approves €24bn austerity package

Italy is the latest euro zone nation to introduce a three-year austerity plan worth €24 billion (£20 billion), in a bid to bring its deficit down to below 3% of GDP by 2012 - from 5.3% currently. Greece, Spain and Portugal have already implemented tough austerity measures, but they have angered workers and led to [...]

May 26, 2010 | 0 Comments More
Violent protests in Greece lead to 3 deaths

Violent protests in Greece lead to 3 deaths

Asian shares have fallen sharply today as fears mount that Greece’s crisis would spread to other European countries. In an interview with French newspaper, La Parisien, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, admitted earlier this week that the possible spread of the crisis was a concern. He said: “We have to [...]

May 6, 2010 | 0 Comments More