Friday, June 23, 2017

austerity

Riot police officers secure the entrance of a hotel where bailout inspectors were due to resume talks with the Greek government in Athens, on Monday, May 1, 2017. (AP Photo/Thanassis Stavrakis)

BY DEREK GATOPOULOS ATHENS, Greece (AP) — Greece and its rescue creditors have reached a deal needed to unfreeze the country’s bailout program and avoid a default this summer, though it leaves Greeks facing years more of austerity and hardship. ...
A courier with his bicycle passes graffiti on a wall in Athens, Friday, April 21, 2017. (AP Photo/Thanassis Stavrakis)

BY DEREK GATOPOULOS ATHENS, Greece (AP) — Greece has beaten a key bailout target for its public finances, but will still face some painful choices as it tries to negotiate with creditors how much more budget austerity it should impose ...
Greek Prime Minister Alexis Tsipras speaks during a Parliament session about bailout negotiations in Athens, Friday, Feb. 24, 2107. (AP Photo/Thanassis Stavrakis)

BY ELENA BECATOROS ATHENS, Greece (AP) — Greek Prime Minister Alexis Tsipras says the era of austerity is over for his country, painting a positive picture Friday of reforms the country has agreed to take after its latest bailout program ...
Pro-Brexit demonstrators wave flags outside Parliament in London, Wednesday, Nov. 23, 2016. (AP Photo/Kirsty Wigglesworth)

BY DANICA KIRKA LONDON (AP) — Britain will have less money, more debt and a slower economy in coming years as it grapples with uncertainty over leaving the European Union, the Treasury chief said Wednesday in his first budget update ...
A woman makes a Greek coffee in a traditional coffee shop in central Athens, on Wednesday, June 1, 2016.

BY DEREK GATOPOULOS ATHENS, Greece (AP) — Greeks have woken up to a new wave of price hikes that have been demanded in return for more international bailout loans, with the highest increases targeting the main ingredients of the country’s ...
Greece's Prime Minister Alexis Tsirpas waits for the arrival of the Cypriot President Nicos Anastasiades at the Maximos Mansion in Athens, Wednesday, May 25, 2016.

ATHENS, Greece (AP) — Greece’s government borrowing costs are at a six-month low and Athens stocks are up after international creditors approved a substantial batch of bailout loans for the debt-crippled country. The yield on the benchmark 10-year bond was ...
In this Feb. 28, 2014 file photo, construction workers repair the roof of a building in Lisbon.

BY BARRY HATTON LISBON, Portugal (AP) — The construction cranes poking up from the jumble of terracotta roofs on Lisbon’s skyline can be counted on one hand — a dismal reminder for Ricardo Gomes of how little work there is ...
Greece's Prime Minister Alexis Tsipras arrives for a meeting as his lawmakers of Syriza party applaud him at the Greek Parliament in Athens,

BY DEREK GATOPOULOS and ELENA BECATOROS ATHENS, Greece (AP) — Left-wing Greek Prime Minister Alexis Tsipras sought his party’s backing for a harsh new austerity package Friday to keep his country in the euro — less than a week after ...
X