After a decade of brutal austerity, a center-right party is poised to defeat Prime Minister Alexis Tsipras’s leftist Syriza party.
Tag: European Sovereign Debt Crisis (2010- )
Tsipras, Having Changed Greece, Now Seems Poised to Lose It
As elections approach Sunday, polls suggest the prime minister faces a stinging rejection from voters still hurting and angry after a decade of austerity.
Italy’s Toying With a ‘Mini-BOT’ Worries E.U. and Investors
The populist government says issuing mini-treasury bills, similar to IOUs, would help Italy deal with its debt. Others see a scheme to leave the euro.
European Union Warns Italy to Reduce Spending and Borrowing
The warning by the European Commission was expected in the face of a populist government that intends to cut taxes and increase spending and despises Brussels.
Greece, 10 Years Into Economic Crisis, Counts the Cost to Mental Health
Depression and suicide rates rose alarmingly during the debt crisis as the country cut wages and health services and increased taxes.
Alexis Tsipras Survives Confidence Vote in Greece’s Parliament
The prime minister was widely expected to win, but he still faces a series of crises, including a deal to end a dispute with Macedonia.
Greek Militants Say They Bombed Media Offices to Protest ‘Capitalist’ Agenda
he Group of Popular Fighters claimed responsibility for the Dec. 17 attack, which caused serious damage but no injuries, accusing the media of supporting austerity programs.
‘Already an Exception’: Merkel’s Legacy Is Shaped by Migration and Austerity
As the German chancellor’s party chooses a new leader, the values she embodies are in danger. Some ask whether her choices helped plant the seeds of the forces now tearing Europe apart.
Global Growth Cools, Leaving Scars of ’08 Unhealed
Less than a year ago, every major economy was expanding at once. Now, the slowdown holds the potential to intensify the sense of grievance roiling many societies.
Italy May Be ‘Sleepwalking Into Instability,’ E.U. Says, and Weighs Penalty
The European Union took another step toward punishing Italy for insisting on a heavy-spending budget even while it remains heavily indebted.