You are here

AUSTERITY

"Shocking" rise in food parcel handouts in UK blamed on welfare reforms

Britain's largest food bank provider, the Trussell Trust, says it has handed out more than 900,000 food parcels in the last year, up from 350,000 the year before, a rise it calls "shocking". The Trust has blamed rising prices and government changes to the welfare system for some of that increase, saying delays in providing payments mean people are going hungry.

Italy's unelected Prime Minister slams EU austerity

Italy's new (unelected) prime minister on Saturday blasted what he called a European Union of austerity and bankers, as he kicked off his party's campaign for next month's European elections.

Greek police and protesters clash over Sunday trading

Greek police have clashed with demonstrators protesting against a government requirement to open shops on Sundays in the capital of Athens.

Dozens hurt in Rome anti-government protest

Police fired tear gas and made a number of arrests in Rome on Saturday as an anti-government protest turned violent, leaving several injured, according to medics and an AFP photographer.

Thousands of Greeks protest austerity in Athens

Thousands of Greek workers have taken to the streets in the capital Athens to protest against the government’s austerity measures.

UK middle-class hollowed out with economic insecurity

People know that work no longer guarantees the better future for their families they used to expect. They are asking: what kind of work, what kind of wages – and what kind of prospects?

Broken Country: Charities step up to help feed Greek children

Greece's economy has shrunk by a quarter in the past four years - and relentless spending cuts have left their mark on the most vulnerable in society. Many unemployed parents now have to rely on charity handouts to feed their children and keep them in school.

Broken Country: Charities step up to help feed Greek children

Despair and poverty turn French to far-right

The far right National Front (FN) party are making footholds across France with voters saying the economic recession has prompted them to switch over to more extreme parties in advance of the nationwide local elections.

Spanish protester loses testicle in rubber bullet attack

A 23-year-old participant in Saturday's 'March for Dignity' in Madrid, has had his left testicle surgically removed after being shot by riot police with a rubber bullet.

101 injured, 29 arrested in Madrid as anti-austerity march turns violent

Protesters clashed with police in Madrid as thousands of people trekked across Spain to protest austerity which they claim is destroying their country. Under the banner "no more cuts!" the protesters called for an end to the government’s "empty promises."

'What bailout exit?' Portuguese ask, braced for more hardship

Portugal's international bailout is expected to end in mid-May. That won't mean the end of hardship for the Portuguese.

Euro is ‘island of stability’ - Draghi

European Central Bank (ECB) head Mario Draghi said the euro currency is “an island of stability” even though growth in the eurozone is slow and unemployment is still rampant.

Masked protesters target Spanish economic summit

Angry demonstrators took to the streets in the Spanish city of Bilbao on Monday to protest the presence of an economic conference during which IMF chief Christine Lagarde said Spain's economy had "turned the corner".

Greek workers hold anti-austerity demo in Athens

Government workers in Greece have held another anti-austerity demonstration as Greek authorities resume bailout talks with the country’s international creditors.

Greece grapples with soaring numbers of abandoned children and babies

First came the rising rates of homelessness. Then, the explosive growth of suicides. Now, four years into a devastating financial crisis, Greece’s youngest citizens are falling through the cracks of the country’s disheveled society.

Extremist Greek group vows attacks on German firms, blaming Berlin for crisis

Popular anger in Greece, torn by political and financial turmoil, is reaching alarming levels. A radical anti-capitalist movement has published a manifesto, blaming Germany for the dire state of the Greek economy, and threatening to launch attacks on the country's companies and politicians. The Popular Fighters' Group has admitted to firing shots at the German ambassador's residence in December last year.

Extremist Greek group vows attacks on German firms, blaming Berlin for crisis

Queues at Spanish supermarket for free water and bread sign of the times

A supermarket in Valencia is flooded with desperate customers every time it offers 200 free bottles of water and bread baguettes at 9 o’clock in the morning.

UK only half way through planned cuts

The chancellor is less than halfway through his sweeping programme of public spending cuts, with more pain on the way over the next five years despite better news on the economy, according to the Institute for Fiscal Studies.

UK ministers brand UN report on social housing ‘Marxist diatribe’

A United Nations report on UK social housing conditions, which called for a suspension of the bedroom tax, has been dismissed by the government as a “misleading Marxist diatribe.”

UK government cuts creating Victorian social model

We used to think that the workforce in London had come a long way from the dockworkers of the early 20th Century, who stood outside the dock gates daily, competing for casual work. But the modern white collar “consultant” often has no more security than the dockworker of old and equally fears for their future.

Davos 2014: Larry Summers attacks George Osborne's austerity programme

George Osborne's handling of the economy was strongly attacked by Larry Summers as the former US Treasury secretary poured criticism on the UK's austerity programme, its welfare cuts for poor people and its strategy for preventing a housing bubble.

Greece: signs of growth come as austerity eases

It was nearly four years ago that the Greek government negotiated its agreement with the IMF for a harsh austerity program that was ostensibly designed to resolve its budget problems. Many economists, when we saw the plan, knew immediately that Greece was beginning a long journey into darkness that would last for many years. This was not because the Greek government had lived beyond its means or lied about its fiscal deficit. These things could have been corrected without going through six or more years of recession. It was because of the “solution” itself.

Spain’s unemployment rate stayed above 25% in 2013

A new official report shows Spain’s unemployment rate has remained beyond 25 percent for the sixth quarter in a row, making the country home to a third of the unemployed population in the eurozone.

French presidential address: A call for austerity and militarism

French President François Hollande gave a three-hour press conference yesterday at the Elysée presidential palace, trying to halt the slide in support for his Socialist Party (PS) government.

Bedroom Tax: Thousands to get money back after being wrongly charged

Thousands of social housing tenants hit by the hated Bedroom Tax are in line to get their money back after they were wrongly charged, it has emerged.

Up to 40,000 renters who have lived in the same home for more than 17 years could get their cash back, after a mistake by the Department of Work and Pensions.

More austerity for U.K. despite recovery

Britain faces fresh government spending cuts worth $41 billion, signaling the scars of the financial crisis in one of Europe's strongest economies have far from healed.

Low-paid workers and their families savaged most by Government cuts says report

Working families and the low paid are being savaged by £15.9billion Government cuts, a new report claims.

UK to cut £180m-a-year hardship fund for low-income families

As part of the UK’s latest Welfare Reform Act, low-income families hit with unexpected financial difficulties will lose the government’s £180m-a-year hardship fund.

€xtreme Moves: Eurozone crisis far from over amid ravaging austerity & debts

In Spain and Greece the situation is particularly drastic with over half of people under 25 out of a job. Both countries also rely heavily on Brussels for financial help - with Athens looking at the prospect of a third bailout deal. Across the region, people are weary of austerity cuts, and we've seen plenty of public discontent and mass protests.

€xtreme Moves: Eurozone crisis far from over amid ravaging austerity & debts

UK household finances at breaking point

Rising bills and high housing costs are pushing many household budgets "to breaking point", with one in 11 people worried they will not be able to afford their rent or mortgage this month, according to research from Shelter.

Pages

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer