Tag: austerity

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‘Eurozone leaders have struck a deal with Greece to negotiate a third bailout to save the near-bankrupt country’s economy after marathon all night talks in Brussels. European Council President Donald Tusk this morning tweeted: ‘Euro summit has unanimously reached agreement. All ready to go for ESM programme for Greece with serious reforms and financial support.’ […]

The post It’s a deal! EU leaders strike ‘unanimous agreement’ on Greek bailout following marathon all night talks after Athens government agrees to ‘serious reforms’ of its economy appeared first on David Icke.

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‘The German government has begun preparations for Greece to be ejected from the eurozone, as the European Union faces 24 hours to rescue the single currency project from the brink of collapse. Finance ministers failed to break the deadlock with Greece over a new bail-out package, after nine hours of acrimonious talks as creditors accused […]

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‘Greek Prime Minister Alexis Tsipras has proposed eleventh hour concessions to European central banks despite the overwhelming rejection of an austerity deal by the Greek people. He told Syriza lawmakers they must back reforms and keep the country in the euro. “We are confronted with crucial decisions,” he said during a party meeting, according to […]

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‘Greek Prime Minister Alexis Tsipras has proposed eleventh hour concessions to European central banks despite the overwhelming rejection of an austerity deal by the Greek people. He told Syriza lawmakers they must back reforms and keep the country in the euro. “We are confronted with crucial decisions,” he said during a party meeting, according to […]

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‘George Osborne should be regarded as one of the worst chancellors in modern British history. When the Tories came to power in 2010, Osborne choked off the then gathering economic recovery with an emergency austerity budget. Indeed, the “recovery” under his “long-term economic plan” is the most sluggish since the 19th century. GDP per capita […]

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‘The Greek government capitulated on Thursday to demands from its creditors for severe austerity measures in return for a modest debt write-off, raising hopes that a rescue deal could be signed at an emergency meeting of EU leaders on Sunday. Athens has put forward a 13-page document detailing reforms and public spending cuts worth €13bn […]

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‘Budgets are frequently not quite what they seem. Try this: listening to Mr Osborne talking about tax breaks for millions of people, would you assume that the tax take in this Parliament is going to go up or go down? The answer is up, but you have to get to page 89 of the Office […]

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‘Taxpayers are handing businesses £93bn a year – a transfer of more than £3,500 from each household in the UK. The total emerges from the first comprehensive account of what Britons give away to companies in grants, subsidies and tax breaks, published exclusively in the Guardian.’ Read more: The £93bn handshake: businesses pocket huge subsidies and […]

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‘Taxpayers are handing businesses £93bn a year – a transfer of more than £3,500 from each household in the UK. The total emerges from the first comprehensive account of what Britons give away to companies in grants, subsidies and tax breaks, published exclusively in the Guardian.’ Read more: The £93bn handshake: businesses pocket huge subsidies and […]

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‘Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right? Except that it is a big […]

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‘The wave of joyous solidarity at the Greek “No” vote still resounds across the world today, revealing millions who identify with the struggle and have had enough of being bullied and controlled. Whether it is Euro bullies, other governments or corporations, the sight of a country shaking its fist in a fight for the people […]

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‘More than seven million children will be hit by the proposed cuts to tax credits to be announced in George Osborne’s post-election Budget on Wednesday, the Government’s advisers on child poverty have warned. A new analysis by the Social Mobility and Child Poverty Commission found that any cut in tax credits would reduce the incomes […]

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‘News outlets are officially reporting that the ‘No’ side has won a decisive victory in Greece, rejecting a bailout offer from foreign creditors that would have imposed further austerity and economic hardship. Reuters reports that government officials “immediately said they would try to restart talks with European partners,” perhaps as soon as Sunday night. ‘”The […]

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