Europeans can sue the troika

Europeans can sue the troika

(VOVworld) - The European Court of Justice has ruled that EU citizens can now sue the troika if they believe their fundamental rights have been violated by austerity
IFS: “Brexit” could extend UK austerity

IFS: “Brexit” could extend UK austerity

(VOVworld) - The Institute for Fiscal Studies (IFS) has warned that leaving the European Union (Brexit) would force the UK to extend austerity measures by up to two years to avoid...
Greece Approves First Austerity Bill

Greece Approves First Austerity Bill

(VOVworld)- Greece’s lawmakers approved Friday the first bill containing tough austerity measures and economic overhauls agreed under its new bailout program
Greece accepts austerity measures

Greece accepts austerity measures

(VOVworld) – The Greek Parliament has voted to accept more austerity measures demanded by the Eurozone to open negotiations for a new bailout package
Is Greece really out of crisis?

Is Greece really out of crisis?

(VOVworld) – On Wednesday Greece’s parliament approved by a vote of 229 to 64 a bill on austerity measures requested by creditors in exchange for a new bailout package worth 86 billion euros...
Greece faces numerous challenges

Greece faces numerous challenges

(VOVworld)- Eurozone finance ministers have approved reform proposals submitted by Greece in order to obtain a four-month extension of its bailout. The extension will help Greece avoid bankruptcy but at...
Greece insists on end to austerity

Greece insists on end to austerity

(VOVworld) - Greece's new government insisted on its plan on Thursday to put an end to austerity, dismissing mounting political and financial pressures to reach a compromise with international lenders...
Austerity protests hit Portugal

Austerity protests hit Portugal

(VOVworld) – Thousands of protesters took to the streets of Lisbon Saturday in the latest demonstration against the austerity policies of Portugal's centre-right government, after gathering in Porto city...
IMF disburses 4.6 billion USD  in aid for Egypt

IMF disburses 4.6 billion USD in aid for Egypt

(VOVworld) - The International Monetary Fund approved the disbursement of 4.6 billion USD in aid to Greece on Friday, after a yearlong delay to ensure that Athens met targets set by bailout lenders ...
EU summit opens

EU summit opens

(VOVworld) – Balancing strict austerity and economic recovery policies were high on the agenda at the on-going EU summit in Brussels. While Germany continued to demand strict austerity measures, considering...