austerity Archives - Page 7 of 13 - theDrahos

Corbyn outlines plan to end austerity and tackle corporate tax dodging

By ickonic Posted on August 4, 2015 Posted in Aggregated No Comments Tagged with austerity, corporate tax avoidance, leadership

‘Jeremy Corbyn cast aside scathing criticism of his economic policy agenda on Monday as he unveiled plans to end austerity, tackle growing inequality, crack down on corporate tax dodging and help create a thriving, highly skilled workforce. Corbyn’s economic policy plan centers on rebalancing the state’s economy to create a more just, productive, and “prosperity-focused […]

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The Greek Coup: Liquidity as a Weapon of Coercion

By Max Keiser and Stacy Herbert Posted on July 31, 2015 Posted in Aggregated No Comments Tagged with austerity, ecb, goldman sachs, greece, Headlines, yanis varoufakis

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” …

Greece relaxes capital controls, as talks on third €86bn bailout start in Athens

By ickonic Posted on July 28, 2015 Posted in Aggregated No Comments Tagged with austerity, bailouts, banks, capital controls, greece

‘The Athens Stock Exchange is expected to open on Tuesday after a three-week timeout, as a mission of creditors arrived in Athens to hold talks over the Greek three-year financial aid plan. The Greek newspaper Kathimerini says the stock exchange will work with certain limitations imposed by the ECB, as it is worried about the […]

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Greece adds 10% VAT to everyday products

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with austerity, greece

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Kids Count Report: 22 Percent of US Children Live in Poverty

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with austerity, USA

‘Twenty-two percent of all children in the United States live below the federal poverty line, significantly higher than during the height of the 2008-2009 economic crisis, according to a report issued Thursday by the Annie E. Casey Foundation. The latest edition of the Kids Count Data Book found that the number of children living in […]

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Greek parliament approves second batch of tough measures

By ickonic Posted on July 23, 2015 Posted in Aggregated No Comments Tagged with austerity, greece

‘The Greek parliament has approved the second batch of reforms the debt-laden country needs to implement in order to receive a new bailout from its international creditors, despite intense protests in Athens against the austerity measures. The Greek lawmakers voted in favor of the much-debated second bill of tough reforms in the early hours of […]

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The Greek Economy Is Finished. A Quarter Of Firms Shifting Abroad

By ickonic Posted on July 22, 2015 Posted in Aggregated No Comments Tagged with austerity, capital controls, greece

‘Capital controls imposed by the Greek government are taking a heavy toll on Greek businesses, according to a new report from Endeavour Greece. With over two-thirds of respondents reporting a “significant drop in revenues,” and 1 in 9 firms forced to suspend production due to shortages of raw materials (unable to buy due to capital […]

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Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved

By ickonic Posted on July 19, 2015 Posted in Aggregated No Comments Tagged with austerity, ecb, greece, loans

‘The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that the Greek finance ministry says banks will not re-open on […]

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Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved

By ickonic Posted on July 19, 2015 Posted in Aggregated No Comments Tagged with austerity, ecb, greece, loans

‘The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that the Greek finance ministry says banks will not re-open on […]

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Fit for an emperor, EU diplomats plan £2 million dinner service

By ickonic Posted on July 18, 2015 Posted in Aggregated No Comments Tagged with austerity, eu

‘European Union diplomats plan to dine in imperial style, by ordering a glittering dinner service that could cost as much as £2 million. The European External Action Service, the EU’s foreign office, will buy a “sparkling” array of crystal glassware, silver cutlery and fine china to host banquets and dinner parties for visiting dignitaries, the […]

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Agency to Enslave Greeks Is Established

By ickonic Posted on July 18, 2015 Posted in Aggregated No Comments Tagged with austerity, bailouts, eu, euro, greece

‘Late on Thursday, July 16th, German Economic News headlined “Greece: Debt Restructuring Through the Back Door,” and reported that, “The majority of Greece’s national debt is to be moved in the next three years gradually to the euro bailout fund ESM [European Stability Mechanism], so that the IMF will continue to remain as a lender. […]

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‘Austerity feeds recession, both are creating a vicious circle’ – Greek deputy interior minister

By ickonic Posted on July 18, 2015 Posted in Aggregated No Comments Tagged with austerity, bankers, ecb, eu, greece, imf

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Greece: PM Tsipras Banishing Ministers Opposing Sellout to Creditors, Syriza Sharply Divided

By ickonic Posted on July 17, 2015 Posted in Aggregated No Comments Tagged with austerity, banks, eu, greece, referendum

‘Finance Minister Yanis Varoufakis resigned after being pushed out – replaced by Euclid Tsakalotos. After leaving, he said he’s no longer under “incredible pressure to negotiate for a position I find difficult to defend…” He cited the “complete lack of any democratic scruples (displayed by) the supposed defenders of Europe’s democracy. (V)ery powerful figures look […]

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Grexit or Jubilee? How Greek Debt Could Be Annulled

By Max Keiser and Stacy Herbert Posted on July 14, 2015 Posted in Aggregated No Comments Tagged with Alexis Tsipras, austerity, ecb, eu, greece, Headlines, imf, michael hudson, public banks, yanis varoufakis

The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats. Greece’s creditors have finally brought…

Grexit or Jubilee? How Greek Debt Could Be Annulled

By Max Keiser and Stacy Herbert Posted on July 14, 2015 Posted in Aggregated No Comments Tagged with Alexis Tsipras, austerity, ecb, eu, greece, Headlines, imf, michael hudson, public banks, yanis varoufakis

The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats. Greece’s creditors have finally brought…