Browsing All posts tagged under »Troika«

“Financial servility and the education crisis in southern Europe”, by Antoni Verger

October 11, 2012


(PUBLISHED IN EDUCATION IN CRISIS) In Southern Europe, we are immersed in a deep financial crisis. This is largely due to greed within the banking sector in this hyper-liberalised financial system, a growth model highly dependent on speculation and the ‘bad government’ prevalent in the region that has tolerated, if not pro-actively fuelled, this erratic […]

Cabinet meets to approve €11.7bn cuts in Greece

September 3, 2012


(PUBLISHED IN ATHENS NEWS) The cabinet met at noon on Friday to formally approve the package of 11.7bn in spending cuts, that includes drastic cuts to salaries and subsidies in public utilities, ending holiday payments for all pensioners and increases in public transport fares.     The list will then receive a final sign-off on […]

Portuguese Treasury studies new cuts in fiscal benefits for children and ascendants

August 30, 2012


(PUBLISHED IN DIÁRIO DIGITAL) The Ministry of Finance ordered Fiscal Services to consider cuts in IRS tax deductions of who has dependent children, parents or disabled, in order to achieve savings of about 154 million euros in the Ncional Budget for the next year. Cut the fiscal benefits is a way to reduce government spending demanded […]