Public finance

For every 4 euros of austerity measures (taxes, social security contributions, pension and benefit cuts) this government has taken since it was voted into power, it has only returned 1 euro, and only to a small section of the population at that.

There will be no trolley bus service on Wednesday, November 28, as drivers on Thursday announced their intention to walk off the job, joining a 24-hour anti-austerity strike called by the country's private sector union, GSEE.

City bus workers will also join the action in the early morning and late at night, meaning that services will run from 9 a.m. to 9 p.m. on that day.

Creditor-imposed austerity led to increased rural poverty and food insecurity in Greece and violated people's right to food, the Transnational Institute (TNI), an international research and advocacy body based in Amsterdam, has concluded, 10 years after the country signed its first bailout deal.

Protesters took to the streets of the Greek capital and Thessaloniki on Wednesday during a 24-hour strike called by the country's civil servants' union ADEDY to demand salary and pension increases following years of cuts under the austerity programs of successive governments.

Greek ships will remain docked at the country's ports on Wednesday November 28, as seamen will join a 24-hour strike called by the private sector union GSEE.

The Panhellenic Seamen's Union (PNO) decided to push ahead with the strike at a meeting on Wednesday.

The period of austerity is by no means over for the Greek middle classes, despite the country's exit from the memorandum this summer.

The period of austerity is by no means over for the Greek middle classes, despite the country's exit from the memorandum this summer.

The civil servants' union ADEDY has called a 24-hour strike for November 14 in demand of increases to salaries and pensions that have been cut several times over eight years of austerity programs.

Raising the minimum salary, activating sector labor contracts, avoiding pension cuts and preserving the tax-free ceiling at the current level are the means to keeping the economy's growth rate in positive territory, according to the General Confederation of Greek Labor (GSEE).

In contrast to official forecasts, Citigroup warned in a report issued on Thursday that the Greek economy will enter a period of slowdown from next year to 2022 at the earliest, with Greek sovereign bonds remaining below investment grade during that time.