Austerity

A package of benefits announced in recent weeks are part of a broader plan and signal that Greece is turning a page following its exit from international bailouts last year, Finance Minister Euclid Tsakalotos has told the Athens-Macedonia news agency, adding that criticism of the handouts by some foreign officials has been "severe." 

This year European Parliament and local elections are neither simple nor commonplace.

Their crucial nature is patently obvious. They are considered and indeed are a dress rehearsal for the upcoming parliamentary election, which has not yet been called.

German Chancellor Angela Merkel has defended austerity policy in Greece and other debt-hit countries in the eurozone, however acknowledging that the people had to shoulder a "considerable" burden.

"What counts is that the currency union and the euro were maintained," Merkel said in an interview with Germany's Suddeutsche Zeitung.

Greek lawmakers on Wednesday approved tax breaks and bonuses for pensioners in the crisis-hit nation days before elections, rowing back some austerity mandated by international bailouts.

Greek lawmakers on Tuesday debated new tax breaks proposed by the leftist Syriza administration, seeking to reverse some of the austerity imposed during years of international bailouts.

Public Power Corp (PPC) is considering securitising part of its backlog of unpaid bills and using them as a guarantee to tap bond markets later this year, a Greek newspaper reported on Thursday.

It takes quite an effort to remember what the building housing the Attikon and Apollon cinemas in downtown Athens looked like before it was torched during anti-austerity riots in 2012. Seven years have passed since then and it remains a scorched edifice, a witness of failed efforts to bring the cinemas back to life, becoming increasingly invisible in the city center.

With the European Parliament elections rapidly approaching, the discussions of the so-called systemic representatives who intervene in the mass media are heating up.

On August 20, 2018, Greece exited the narrow framework of the memorandums. At the same time, it entered into a transitional phase of relative political freedom of movement.

An 11 percent increase in Greece's minimum wage and the abolition of the so-called subminimum wage paid to young employees which were announced by Prime Minister Alexis Tsipras during a cabinet meeting early this week came into effect on Friday.