World news about “Austerity” published by euronews.
IMF austerity warning to Britain The International Monetary Fund is urging Britain to do more to boost growth in the face of the slow economic recovery there. But that is unlikely to… 22/05/2013
St Peter’s Basilica protester blasts Italy’s social ‘massacre’ An Italian beach resort manager has been spending a second day perched on a ledge of St Peter’s Basilica in the Vatican demanding the end to what he calls… 21/05/2013
Rome protesters call on Letta government to boost jobs in Italy The first major protest against Italy’s new coalition government has taken place in Rome. Organised by the left-wing Fiom union, its message was that more… 18/05/2013
EU finance ministers to talk tough on austerity The finances of Greece and Cyprus are set to come under the microscope at a Eurozone finance ministers meeting. The eurogroup has to decide whether to… 13/05/2013
More cuts as Portugal’s next bailout payment is approved Portugal has been given the go-ahead to receive the next installment of a bailout loan. Following a review last week, EU and IMF lenders have approved the two… 13/05/2013
G7 summit looks to bolster recovery The G7 summit has opened with the focus firmly on the finance ministers and central bank governors as the world economy looks to the rich nation’s club for a… 10/05/2013
Slovenia gets tough on budget deficit with mass sell-off Slovenia has decided to bite the bullet to avoid a bailout as its budget deficit soars this year to 7.8 percent and it struggles to pay its bills. The… 09/05/2013
French far-left protest on eve of Hollande anniversary Tens of thousands of far-left protesters have marched through Paris, to vent their anger over economic austerity. Sunday’s demonstration came on the eve of… 06/05/2013
Icy reaction to new round of Portuguese austerity The Portuguese press has digested the further spending cuts announced yesterday by the government, and for some, playing on the prime minister’s name, Passos… 04/05/2013
Italian PM adds voice to growing chorus against austerity Enrico Letta, the new Italian prime minister, vowed on Thursday that Italy will pursue further economic reforms. His predecessor, Mario Monti, tried to… 02/05/2013
Italian PM Letta calls for growth policy in Brussels Italy’s new Prime Minister, Enrico Letta has stopped off in Brussels for the final leg of his European tour. On a mission to preach growth over austerity… 02/05/2013
Research shows austerity is bad for our healthAusterity is having a devastating effect on health in Europe and North America, driving suicide, depression and infectious diseases and reducing access to… 29/04/2013
Greece: 15,000 public sector jobs cut to secure bailout money The dust is beginning to settle in Athens following the approval of mass layoffs of government workers by the parliament on Sunday. Over 15,000 people face… 29/04/2013
Greek parliament passes unpopular law to unlock more rescue loans Protesters demonstrated outside the Greek parliament as lawmakers inside approved a bill which will see 15,000 state employees lose their jobs by the end of… 29/04/2013
Greece: public sector workers austerity protest – nocomment Public sector workers demonstrated in the Greek capital on Friday, as parliament prepared to vote on the latest round of government austerity measures… 27/04/2013
Greece: Civil servants protest ahead of vote on job cuts Public sector workers in Greece protested against planned job cuts the government has agreed to make in order to get much-needed bailout money. Some 15,000… 26/04/2013
The end of austerity in Europe? High-placed political figures have been agreeing that other ways must be found to readjust fiscal formulas that are crushing so many people in… 26/04/2013
Europe Weekly: Boston attack aftermath In “Europe Weekly” – our review of the main events affecting Europe in the previous seven days – we focus on the Boston bombings and the US and Europe’s… 26/04/2013
Spanish government targets economy rebound in 2014 Spain will see its economy shrink by 1.3 percent this year, with a return to growth in 2014. At a news conference to unveil new measures to revive the… 26/04/2013
Merkel says ECB should put up interest rates for Germany Germany’s finance minister has said his country will stick to its austerity course despite mounting criticism and others in the eurozone should keep focused… 25/04/2013
Euroscepticism on the rise, says EU poll Trust in the EU has fallen to a record low, a European Commission poll says. It surveyed the bloc’s six biggest countries: Poland, the UK, France, Italy… 25/04/2013
Spain’s jobless total reaches a record six million Spain’s unemployment rate has reached a record new high. The number of people out of work is now just over six million, raising the jobless rate in the… 25/04/2013
Europe Weekly: EU unveils results of horsemeat tests The EU unveiled the results of Europe-wide horsemeat tests; Hungary’s constitution caused a stir in Strasbourg and the latest figures on the extent of human… 19/04/2013
Education funding gap in Europe Europe’s higher education is in a tight squeeze – between students fighting austerity cuts and fee increases, and the ever-rising costs for teachers, new… 18/04/2013
European austerity programmes based on Excel error? The economic theory underpinning austerity policies being followed by governments world wide may be flawed. That is the allegation made in a study by the… 18/04/2013
France, under fiscal pressure, sends a message to Europe The French President has used a gathering of economists, business leaders and political figures at the OECD in Paris to send a message to Europe. On the… 17/04/2013
Rocky road to recovery as Greece concludes latest bailout deal Greece has secured a deal to unlock the latest bailout instalment. The Troika agreed to grant the 2.8 billion euros loan on the condition that Athens cuts… 16/04/2013
Portugal austerity ruling to put more pressure on basic services Portugal’s government has said it has to look at further ways to cut spending to meet targets imposed by the EU and the IMF as part of its bailout package… 08/04/2013
Portuguese PM vows further cuts The Portuguese government says it will further cut spending to meet bailout targets agreed with its lenders, after a constitutional court rejected four of its… 08/04/2013
Panic protests outside the Cypriot parliament Panic, anger and fear surround the Cypriot parliament – as protesters took to the streets to keep up the pressure on their politicians. The government has… 21/03/2013
Valdis Dombrovskis on Latvia’s fearless path to euro With Latvia set to join the euro single currency soon, euronews went to talk to the Baltic country’s Prime Minister Valdis Dombrovskis, in Riga. He has been… 21/03/2013
George Osborne dummy protest demands action on tax and hunger Campaigners for change to the world’s food system to reduce hunger and poverty have demonstrated outside the British parliament – all dressed as the country’s… 19/03/2013
Cyprus postpones bailout debate until Monday The Cypriot parliament’s debate on the savings tax that shocked the entire nation will now take place on Monday. The president postponed the debate to gain… 17/03/2013
Cypriots face up to savings tax challenge The flood of people to bank cashpoints in Cyprus over the weekend appears to have come to an end, but that was not because fears about an EU charge on savings… 17/03/2013
Cyprus holds fire on savings tax debate until Monday Cyprus’s president has postponed a meeting due to debate the EU’s proposed levy on bank savings, and parliament has followed suit, delaying an emergency… 17/03/2013
Europe Weekly: Pope Francis takes over at the Vatican The Catholic Church has a new leader: the election of Pope Francis dominated this week’s top stories and overshadowed the EU summit. Talks focused on… 16/03/2013
Protests in Spain for a “Europe of people”Demonstrators wearing bags on their heads to protest “For a Europe of people versus a European Union of markets” attend a news conference by members of The… 15/03/2013
France urges softer approach to austerity Germany is facing stiff resistance from France to ease back on austerity as Europe’s leaders gather in Brussels for another EU summit. French President… 14/03/2013
Unions urge EU to come up with ‘Plan B’ to austerity Unions have held an anti-austerity demonstration as EU leaders met in Brussels. They say it is time to change course on spending cuts and labour… 14/03/2013
Tens of thousands march throughout Spain Tens of thousands of demonstrators have once more taken to the streets across Spain. They are angry about levels of unemployment and the government’s… 11/03/2013
Anti-austerity demo in Lisbon – nocomment Thousands of Portuguese turned out in Lisbon to protest against austerity cuts. 03/03/2013
Italian populism vs realism Fallout from the Feb. 24-25 Italian elections – background followed by an interview with a political specialist in Rome Many Italians cast their votes for… 26/02/2013
Spain: Tens of thousands in protest economic policy, corruptionSupporters of the “Marea Ciudadana” (citizen movement) platform take part in a demonstration against cuts and evictions, calling for the resignation of the… 24/02/2013
Milan shares rollercoaster on Italian election exit polls Milan’s main share index was very volatile during Monday’s trading. At one stage it rose almost four percent and the euro made sharp gains against the dollar… 22/02/2013
Austerity anger in Brussels – nocomment In Brussels, around 30,000 workers protested on Thursday against austerity measures planned by the Belgian government. 22/02/2013
Rajoy’s state of the nation holds no surprises Mariano Rajoy has made his first state of the nation address in his 14 months as head of the conservative People’s Party. But the message was one familiar… 21/02/2013
Another austerity strike paralyses Greece Greece is in the grip of yet another national strike. Much of the country is at a standstill. The two biggest unions called the 24-hour stoppage to protest… 20/02/2013
Grim Greek jobless total hits 27 percent Greece’s jobless rate has hit a new record of 27 percent as the austerity-fuelled recession there continues to take its toll on the labour market. That was… 14/02/2013
Dalia Grybauskaite: EU budget is an austerity and crisis budget Asked by euronews for her reaction to the multi-annual budget agreed at the European summit, Lithuania’a President Dalia Grybauskaite said she recognised that… 08/02/2013
Spanish students protest education cuts – nocomment Hundreds of school and university students marchedin central Madrid on Wednesday against cuts in Spain’s education sector. The cuts… 07/02/2013
Selling the cellar in the face of austerity Desperate times call for desperate measures – like the French selling their vintage wines. The city of Dijon, which is best know for its fine mustards, has… 29/01/2013
Greek shops desperate for sales boost The Greek shop owners who are still in business – amid a sea of austerity and unemployment – are hoping that the start of the January sales will bring more… 15/01/2013
Germany warns Greek opposition The Greek parliament has raised taxes on the self employed, and high earners. They are the latest troika-imposed measures to reduce Greece’s budget deficit… 14/01/2013
Austerity vicious circle The beginning of a new year is a time for making plans for the future and reaching conclusions about the year just past. Unfortunately 2012 provided many… 11/01/2013
France’s Vinci snaps up Portugal’s airline operator ANA Portugal is set to beat its privatisation revenue goal by selling airport operator ANA to French construction firm Vinci. The deal is reportedly worth about… 27/12/2012
Christmas Day volunteers in Greece – nocomment A former homeless person volunteers at a Greek Orthodox church food distribution centre on Christmas Day. 27/12/2012
Many business challenges in 2012 It was another difficult year for the global economy. Some states powered through it in high gear, others needed help to overcome the recession, but even… 26/12/2012
Greeks protest against state bank sell-off – nocomment Bank employees from the state run Hellenic Post Bank meet in Athens to protest over feared job cuts as the government plans to sell off their bank. 18/12/2012
Greeks face grim Christmas and taxing new year Greeks are facing a more taxing time ahead as the government formally unveiled a bill intended to boost its tax revenue from companies and… 14/12/2012
More austerity for Ireland The Irish government says it is on the road to recovery, but still hit the country’s long-suffering people with a new 3.5 billion euro dose of austerity on… 05/12/2012
Britain’s recovery struggle continues The latest update on Britain’s economy confirms it is performing worse than expected. Finance minister George Osborne insisted that the economy is healing… 05/12/2012
Obsession with austerity is dangerous – EU Vice-President Miguel Angel Martinez Martinez a vice-president in the European Parliament has been answering questions on I talk. Alex Taylor: “The European Parliament has… 28/11/2012
More austerity for Britain, IFS warns Osborne The Institute for Fiscal Studies says British Chancellor of the Exchequer George Osborne may have to extend his austerity policies until 2018 after British… 26/11/2012
Spanish banks to axe jobs in exchange for cash The Spanish state bank rescue fund will receive a 35 billion euro boost from European authorities on December 15 in exchange for massive layoffs at the… 26/11/2012
Anti-austerity strikes bring chaos to streets of southern Europe This week we examine the protests engulfing Europe as anger at governmental cuts and unemployment bite across the region. We also take a look at the boycott… 16/11/2012
clashes in greece – nocomment Greek workers protested during a meeting of Greek and German officials in Thessaloniki. The protesters tried to attack a German diplomat in a protest over… 16/11/2012
Europe hit by anti-austerity strikes Anti-austerity protests have erupted across Europe in the biggest union strikes since the debt crisis began in 2009. Millions turned out to demonstrate… 14/11/2012
ETUC blasts austerity abyss The European Trade Union Confederation (ETUC) representing workers in 23 countries called for solidarity action today, protesting against austerity plans… 14/11/2012
EU staff strike over planned wages and pension cuts EU Council staff and European Commission officials went on strike on Thursday in protest at proposed salary and pension cuts. They grouped outside the… 08/11/2012
Greek workers invade ministry building – nocomment A group of municipal workers briefly invaded a government ministry building on Wednesday, ahead of a vote in the Greek parliament on new painful austerity… 08/11/2012
‘Forward’ means facing painful reforms in US – Bremmer Obama has only talked in broad terms about how he plans to go about the second half of the eight years through which American voters have chosen him to lead… 07/11/2012
Europe Weekly: British Prime Minister David Cameron’s EU headache In this week’s Europe Weekly, we take a look at the challenges facing David Cameron over the european union budget after a revolt from his own party… 02/11/2012
Portugal’s new budget passes first hurdle Portugal’s parliament has passed the country’s largest tax hike package in decades. The changes form part of Prime Minister Pedro Passos Coelho’s new 2013… 31/10/2012
Spanish recession continues to bite Spain fell deeper into recession in the third quarter of 2012, new figures published on Tuesday show. The news is likely to pile further pressure on Prime… 30/10/2012
Troika says mission to Greece ‘over’ Inspectors for Greece’s main troika creditors have left the country announcing their mission to Greece is over. They said agreement has been reached on most… 18/10/2012
Merkel softens stance on eurozone strugglers “Stop the finger-pointing” – the call from German Chancellor Angela Merkel who has been praising the efforts of eurozone countries fighting the debt crisis… 16/10/2012
Fire and anger in Lisbon over tax hikesA man protests against the new 2013 state budget in front of the parliament as a fire burns in front of it in Lisbon. Portugal’s government presented on… 16/10/2012
Lisbon to swap tax rises for spending cuts Portugal’s government is to tone down sweeping tax rises proposed for next year to tackle the country’s mountainous debt crisis, and will replace them with… 09/10/2012
Greece gambles on quick fix in teeth of economic storm Greece is going for pain now in an attempt to produce a budget surplus in 2013 for the first time in a decade, but the economy is likely to shrink for a sixth… 01/10/2012
Madrid anti-austerity clashes – nocomment Dozens of people were arrested and injured after anti-austerity protesters clashed with riot police in Madrid. 30/09/2012
Eurozone bailout blues Spain was in the headlines once again as it has just introduced new austerity measures causing Spaniards to hit the streets in protest. Italy is also feeling… 28/09/2012
Athens: clashes over austerity – nocomment Police clashed with protesters hurling petrol bombs and bottles in central Athens after an anti-government rally, called as part of a general strike in… 27/09/2012
Spain takes its time over rescue Spanish Prime Minister Mariano Rajoy is playing his cards close to his chest. While in New York, visiting the UN, he did not announce anything relevant to his… 26/09/2012
OECD lauds Monti’s Italian job The Organisation for Economic Cooperation and Development has warned political parties looking for votes ahead of next year’s Italian election not to scrap… 24/09/2012
Portuguese force austerity plan back to drawing board Angry Portuguese told their government to disappear in stronger language than ever at their presidential palace near Lisbon on Friday. Politicians and even… 24/09/2012
Stiglitz warns Europe: don’t mimic US A new work by Joseph Stiglitz, ‘The Price of Inequality’, is bad news. We interviewed the Columbia University Professor and Nobel Economics laureate about his… 13/09/2012
Dutch set to pick Mark Rutte for second term Five months after the last government collapsed, Dutch voters go to the polls on Wednesday in a race most pundits say is too close to call. Prime Minister… 11/09/2012
Greek police and firefighters austerity protest – nocomment In Greece, policemen and firefighters marched against government austerity cuts, with slogans such as “Shame, you’re delivering the final blow to the security… 08/09/2012
Thumbs up for ECB bond buying plan The European Central Bank has launched an unlimited bond-buying programme to lower interest rates. But there are strict conditions, including governments… 07/09/2012
Troika troubles in Greece and Portugal “It’s not fair, we worked hard, we paid our dues, and now our pensions are being slashed as part of austerity measures” – the complaint of Greek pensioners… 05/09/2012
Pricier coffee and cinemas from Spain’s VAT hike The Spanish government’s increase in sales tax from September 1st could not have come at a worse time for the country’ retailers who suffered a 7.3 percent… 31/08/2012
Lack of details on Carrefour turnaround disappoint Carrefour’s new boss is promising to slash costs and defend the troubled retailer’s key markets like France, Brazil and China. However George Plassat… 30/08/2012
New Greek austerity deal close Greece’s political leaders say they have broadly agreed the latest austerity package demanded by the EU and the International Monetary Fund in return for… 29/08/2012
Greece: more time, more cuts? Greece’s Prime Minister Antonis Samaras is on a charm offensive meeting eurozone leaders to try to persuade them that all his country needs is more time to… 22/08/2012
Germany urges no backsliding by Athens Germany is maintaining a hard line with Greece as Athens lobbies for two more years to reduce its deficit to promised levels. After German Foreign Minister… 20/08/2012
Eurozone trade rises Trade volumes for the eurozone rose in the first six months of this year according to the latest EU figures. Exports were up by eight percent from the same… 17/08/2012
Eurozone record jobless amid tame inflation The number of people out of work in the eurozone hit a record high in June. The latest figures from Eurostat, the EU’s statistics office, showed 17.8… 31/07/2012
Moody’s concerned over Germany A gloomy week for Germany: For the first time it faced a negative judgement by a rating agency. Does this mean the crisis has finally reached Berlin? We put… 27/07/2012
Spain’s woes spark share slump There was a huge sell off on Europe’s stock markets on Friday after Spain’s heavily indebted Valencia region asked for a central government bailout, and… 20/07/2012
Bank bailout but at a price for Spain Eurozone finance ministers approved Spain’s bank bailout on Friday but it comes at a price. The countries that are lending the money have forced Madrid to… 20/07/2012
