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Ukraine regime unveils tough austerity plan
Photo: RIA Novosti The Ukrainian regime has unveiled a list of tough austerity measures aimed at “stabilizing economic situation in the country and promoting more efficient state budget spending.” A...
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Anti-austerity protest turns violent in Spanish capital
Riot police confront protesters after disturbances broke out at the end of a demonstration which organisers have labelled the ”Marches of Dignity” in Madrid, March 22, 2014.Credit: Reuters/Paul Hanna...
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Protest in EU capital prompts security scare at US embassy
Anti-austerity and anti-globalisation protesters caused a security scare when some people threw stones and firecrackers (Photo: Maebh McMahon) BRUSSELS - Stone-throwing protesters prompted a...
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Greek denial of vote to targets of racism increases Golden Dawn’s EP chances
The far-right Golden Dawn are expected to make it into the EP for the first time after May’s European election (Photo: EUobserver) Athens – Greece was one of the countries hit hardest by the economic...
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Portugal exits from bailout on 17 May
Prime Minister of Portugal Pedro Passos Coelho Portugal said yesterday (4 May) it would exit its three-year €78-billion bailout this month without a precautionary credit line, as the country returns...
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Austerity measures destroying EU social model: report
6.6 million more people at risk of poverty or social exclusion today when compared to 2008 (Photo: EUobserver.com) BRUSSELS - Austerity measures meant to pull Europe out of the crisis have put some...
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Can Italy’s ‘political serial killer’ change EU course on austerity?
Renzi (l) with EU Council chief Herman Van Rompuy in Rome (Photo: governo.it) ROME - In June 2013, Matteo Renzi was still pretending that his greatest ambition was to serve a second mandate as mayor...
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EU urges Ireland to maintain austerity
Dublin: Ireland should not trigger new spending and tax cuts, the EU commission has warned (Photo: William Murphy) BRUSSELS - The EU commission has warned that the Irish economy is still vulnerable,...
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EU leaders tie slower deficit reduction to reforms
German Chancellor Angela Merkel (Left) speaks with Italian Prime Minister Matteo Renzi at the EU summit. Brussels, 27 June. [Photo: Council of the European Union] European Union leaders agreed on...
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Montebourg urges alternative to German austerity
Arnaud Montebourg [Parti Socialist/Flickr] The time has come for France to resist Germany’s “obsession” with austerity and promote alternative policies across the euro zone that support household...
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France Hollande: New team named after ministers rebel
Manuel Valls has formed his second government in five months French President Francois Hollande has named a new cabinet under PM Manual Valls, dropping ministers who rebelled against austerity cuts....
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France’s jobless total rises sharply in July
The number of people looking for a job in France has climbed to more than 3.4 million The number of people looking for work in France rose 0.8% in July to a new record of 3,424,400. The sharp rise...
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Juncker gives key portfolios to German allies, austerity backers
Europe’s new executive, about to be unveiled. [Georgi Gotev] Jean-Claude Juncker, the incoming head of the European Commission, unveiled an EU executive team today (10 September) that handed key...
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Excessive deficit fine looms over France
France could face a fine of at least €4 billion for its excessive budget deficit. [Images Money/Flickr] Impatience is growing among EU member states over France’s failure to meet its deficit reduction...
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France ‘rejects austerity’ in controversial budget
France’s Moscovici will face his parliament hearing the day after his country’s government rejected calls for it to speed up its austerity programme (Photo: Parti socialiste/Philippe Grangeaud)...
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Syriza leader Alexis Tsipras prepares for power
Alexis Tsipras [Joanna/Flickr] Alexis Tsipras, leader of Greece’s far-left Syriza party, recently traveled to Frankfurt and Rome to meet European leaders. He is softening his confrontational tone with...
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Letter shows ECB threat ahead of Ireland bailout
Jean-Claude Trichet was ECB chief from 2003 to 2011 (Photo: Council of European Union) BRUSSELS – The European Central Bank on Thursday (6 November) formally made public a lettershowing that the...
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Greece talks to abandon bailout fail
Palais de la Muette OECD [Andrea/Flickr bit.ly/1zYQVZ6] Greece and its EU/IMF lenders failed to resolve differences over next year’s budget at talks in Paris, a Greek official said yesterday (26...
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Italy and France hit back at Merkel over economic reforms call
Michel Sapin, August 30, 2014 [Parti socialiste/Flickr] Italy and France expressed irritation on Sunday (7 December) with a call from Chancellor Angela Merkel for them to do more to bring their...
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Greek central banker says systemic risks low but vigilance needed
Reading the news in Athens. Sascha Kohlmann The European Central Bank’s recent monetary policy actions have reduced risks in the eurozone’s banking system but strong vigilance is still needed, Greek...
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