Tag Archives: Greece
Greece shuts down public broadcaster
Greek opposition leader Alexis Tsipras earlier urged President Carolos Papoulias to cancel an executive order closing public broadcaster, ERT. Mr Tsipras described the closure as “illegal”, adding: “Many times the word ‘coup’ is used as an exaggeration. In this case, it is not an exaggeration.” http://www.bbc.co.uk/news/world-europe-22871734 Protest rallies are being held in support of the […]
Austerity forces privatization
Greece agreed to change some terms in the planned privatisation of natural gas distributor DEPA, opening the way for Russian energy giant Gazprom to bid for the firm http://www.nytimes.com/reuters/2013/05/25/business/25reuters-greece-privatisations-gazprom.html?hp&_r=0 “The guarantee was halved to 10 percent of the purchase price,” Privatisation agency HRADF finalised the terms of the sale contract late on Friday, lowering the […]
Destroying the poor with austerity
A general strike against tough austerity measures is under way in Greece, with trade unions calling for “mass mobilisation” of protesters. The organisers are demanding an end to spending cuts and tax rises. “They have gone deaf over there [in parliment] and if we do not continue this fight, soon they will destroy us,” http://www.bbc.co.uk/news/world-europe-22362757 Government […]
Austerity seizes depositor accounts
European officials in Brussels required that part of a new €10 billion bailout be paid for directly from the bank accounts of ordinary savers. http://www.nytimes.com/2013/03/18/business/global/facing-bailout-tax-cypriots-rush-to-get-their-money-out-of-banks.html?ref=world A move that could set off new fears of contagion across the euro zone as anxious depositors drained cash from automated teller machines in Cyprus over the weekend. “This is […]
Dirty Babylon 