Almost four years after Athens's debt crisis exploded – forcing EU mandarins to rewrite the book of fiscal rules – mistrust, anger and thinly disguised panic have returned to strain Greece's relations with its lenders at the EU, European Central Bank (ECB) and International Monetary Fund (IMF). ...

Thousands of Greeks protesting against austerity marched through the streets of Athens on Sunday to mark the 40th anniversary of a bloody student uprising against the then-ruling military junta. ...

Worried by the current crisis affecting the Eurozone and many other parts of the world, we also sometimes feel disempowered by our lack of deeper understanding of the mechanisms that have triggered such devastating developments. Some time back, Allegra started to explore the financial world (here),  the current transformations of Universities (here and here) as well as the power and failures of bureaucracie ...

Hospital workers, teachers and rubbish collectors launched a 24-hour strike across Portugal on Friday to decry a new round of public sector wage and pension cuts in the bailed-out nation. ...

Plunging Greek Wages Crater Q2 Disposable Income By 9.3%, Government Borrowing Rises To Record by zerohedge Can someone please explain this whole "Grecovery" concept to use because neither we, nor apparently the people of Greece which are not only unemployed and broke, but have negative savings, and collapsing wages, social benefits and disposable income, seem able to understand it. Here is the latest absol ...

Thousands of Portugese took the streets of Portugal's two most populated cities to demonstrate against planned cuts of pensions and salaries. Saturday's demonstrations are a response to the government's decision to extend austerity measures in the 2014 budget. ...

Anti-austerity protesters in Rome threw eggs and firecrackers at the Finance Ministry during a march Saturday to oppose cuts to welfare programs and a shortage in low-income housing. Police said 11 people were detained. ...

De Senaat van de Universiteit van Athene (UOA) heeft in een buitengewone vergadering van 23 september 2013 besloten οm alle werkzaamheden van de Universiteit op te schorten voor onbepaalde tijd. ...

De crisis in Griekenland wordt de laatste jaren steeds als excuus door de regeringen gebruikt om grotere bezuinigingen in Nederland en de rest van Europa te realiseren. De regeringen gebruiken Griekenland of als afschrikwekkend voorbeeld (we moeten onze zaken op orde hebben anders worden we zoals Griekenland) of als noodzakelijk kwaad (de Nederlandse burger moet belastinggeld betalen voor het redden van Gri ...

It could take up to 25 years to regain living standards prior to the economic crisis  If left unchecked, austerity policies could put between 15 and 25 million more Europeans at risk of poverty by 2025 – nearing the population of the Netherlands and Austria combined. This would bring the number of people at risk of poverty in Europe up to 146 million, over a quarter of the population, warns international ag ...