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Tag: austerity measures

Brussels to ask Greece for new budget cuts - 18 April 2012 - News

Greece’s fiscal nightmare is far from over as the European Commission is set to ask Athens for a new round of spending cuts aimed at reducing labour costs, administration and healthcare expenditure, according to a draft seen by EurActiv.

Europeans with disabilities are terrified - 06 December 2011 - Analysis

The austerity measures taken in response to the European sovereign debt crisis have had a devastating impact on people with disabilities, leading to allowance cuts and a rise of unemployment rates that could generate greater economic and social exclusion, says John Evans from the European Disability Forum.

Berlusconi backtracks on wealth tax, sparks criticism - 31 August 2011 - News

Italy's decision to drop a proposed tax on the wealthy from its emergency austerity package announced earlier this month has triggered a wave of criticism, while the country's first debt auction since the European Central Bank stepped in to buy Italian bonds was met with lukewarm demand.

IMF warns France on deficit target - 28 July 2011 - News

The International Monetary Fund urged France yesterday (27 July) to take additional deficit-cutting measures to safeguard its AAA credit rating and to undertake structural reforms to improve flagging competitiveness.

Unions urge ministers to ease pressure on Greece - 17 May 2011 - News

Meeting in Athens, trade union leaders from across Europe have called on EU finance ministers to show solidarity towards Greece and other EU countries facing serious financial difficulties, notably by reducing interest rates on loans from the European Central Bank (ECB).

Unions ensure noisy start to EU summit - 24 March 2011 - News

Thousands of protesters are blocking traffic in Brussels today (24 March) as part of a coordinated campaign by European trade unions, who hope to influence the political decisions of EU leaders on social policies and economic governance.

The crooked path of financial reform - 26 November 2010 - Analysis

It would be premature to write off the financial reforms undertaken as failures, writes Jean Pisani-Ferry, director of Bruegel, an international economics think-tank.

EU fails to forge consensus on Irish austerity measures - 10 November 2010 - News

EU Economic and Financial Affairs Commissioner Olli Rehn failed to forge a consensus on an austerity budget between Ireland's shaky government and opposition yesterday (9 November) as investors weighed the risk of a second eurozone state requiring help with crushing debts.

Political crisis brewing in Portugal over austerity measures - 13 October 2010 - News

A potential political crisis in Portugal that would worsen the country's debt woes is looming larger as the minority Socialist government and the centre-right opposition engage in a game of chicken over the 2011 budget.

Unions rattle Brussels with strong anti-austerity march - 29 September 2010 - News

Up to 100,000 union members are marching on Brussels today (29 September) to demand a softening of "draconian" austerity budgets in EU countries. Unions hope their action will lead to a rethink of national and EU anti-recession strategies.

Europeans prefer spending cuts to higher taxes to reduce deficits - 15 July 2010 - News

Citizens in France, Italy, Spain, Germany and the UK – the five largest EU countries – want their governments to cut spending rather than raise taxes to reduce deficits and public debts, according to a new Financial Times/Harris poll.

UK, Italy adopt austerity programmes - 25 May 2010 - News

UK Finance Minister George Osborne yesterday detailed 6.2 billion pounds (7 billion euros) of spending cuts. Meanwhile, austerity measures due to be approved by Italy's cabinet today (25 May) are expected to reduce the budget deficit by 24 billion euros over two years.

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