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Greece’s coalition government is fighting to produce spending cuts acceptable to Europe’s Troika. But its austerity package is leading to social unrest and political confrontation with the judiciary, the police and the armed forces and support for the extreme right wing Golden Dawn.
SOCIAL unrest and political confrontati...
A wholesale restructure of the Greek economy aimed at saving 11.6 billion euros is underway. But Prime Minister Antonis Samaras is looking for European governments to support his bid to have more time to introduce reforms and savings. His demands for savings include fewer civil servants, reduced pensions and privatising state-owned companies. But these are putting...
The Greek backlash on politicians who have failed them over the last 38 years could have gone too far. It created a shock for the population and the money markets. Days after the election the Greeks had withdrawn 700 million euros from the banks. That figure is now more than two billion and rising. When the population is asked to vote for a second time on June 17 i...