Austerity Budget

  • Greece passes 2013 austerity budget November 12, 2012

    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 167128 vote in the 300member Parliament. It came days...
  • Spanish strike tests tolerance for austerity March 30, 2012

    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 European...
  • Greek lawmakers approve 2012 austerity budget December 7, 2011

    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 new...