Austerity Budget

  • Greece passes 2013 austerity budget 12-11-2012 07:17 AM

    Athens: Greek lawmakers approved the country's 2013 austerity budget early on Monday, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget passed by a 167-128 vote in the 300-member Parliament. It came...
  • Spanish strike tests tolerance for austerity 30-03-2012 01:37 PM

    Madrid: Spanish unions said a high turnout for a general strike to protest government budget cuts and reforms on Thursday had almost brought heavy industry to a halt while the government said the day was proceeding normally. Spaniards have been tolerant of Prime Minister Mariano Rajoy's efforts to meet strict...
  • Greek lawmakers approve 2012 austerity budget 07-12-2011 06:28 AM

    Athens: Greece's lawmakers overwhelmingly approved next year's austerity budget early on Wednesday, extending tough spending cuts that have already left Greeks struggling as the country tries to slash its vast debts and tame a severe recession. With three parties, including the majority socialists and their rival conservatives, participating in Greece's...