Showing Archived Posts

Greece Mourns Suicide of Pensioner Hit by Austerity Cuts

Posted April 5th, 2012 at 1:00 pm (UTC-5)
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A Greek pensioner who shot himself to death on Athens’ main square this week said he took his life because the government’s financial austerity measures left him virtually penniless. The retired pharmacist’s extreme action quickly made him a fateful symbol of the debt-ridden country’s economic plight. Greek newspapers published excerpts from a suicide note from […]

Tags: , , , Posted in Economy, Europe

Italian Parliament Approves Latest Austerity Plan

Posted December 16th, 2011 at 1:10 pm (UTC-5)
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The Italian government has overwhelmingly won a crucial parliamentary vote of confidence Friday over an austerity package intended to help the third largest economy in the eurozone get its finances in order. The lower house of parliament voted 495-88 in favor of a nearly $40 billion austerity package Friday, with the upper house voting next […]

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Italian Parliament Approves Latest Austerity Plan

Posted December 16th, 2011 at 12:05 pm (UTC-5)
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The Italian government has overwhelmingly won a crucial parliamentary vote of confidence Friday over an austerity package intended to help the third largest economy in the eurozone get its finances in order. The lower house of parliament voted 495-88 in favor of a nearly $40 billion austerity package Friday, with the upper house voting next […]

Tags: , , , Posted in Europe

Italian Government Wins Vote on Austerity Plan

Posted December 16th, 2011 at 9:35 am (UTC-5)
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The Italian government has overwhelmingly won a crucial parliamentary vote of confidence Friday over an austerity package intended to help the third largest economy in the eurozone get its finances in order. The lower house of parliament voted 495-88 in favor of a nearly $40 billion austerity package Friday, with the upper house voting next […]

Tags: , , , Posted in Economy, Europe

Italian Parliament Set to Vote on Austerity Plan

Posted December 16th, 2011 at 9:10 am (UTC-5)
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The Italian government faces a crucial parliamentary vote of confidence Friday over an austerity package intended to help the third largest economy in the eurozone get its finances in order. The lower house of parliament was voting on a $39 billion austerity package Friday, with the upper house voting next week. Prime Minister Mario Monti’s […]

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Italian Parliament Set to Vote on Austerity Plan

Posted December 16th, 2011 at 5:30 am (UTC-5)
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The Italian government faces a crucial parliamentary vote of confidence Friday over an austerity package intended to help Europe’s third largest economy get its finances in order. The lower house of parliament is expected to vote on a $39 billion austerity package Friday, with the upper house voting next week. Prime Minister Mario Monti’s technocratic […]

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Italy Calls For Parliamentary Vote of Confidence on Austerity Package

Posted December 15th, 2011 at 4:35 pm (UTC-5)
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The Italian government has called for a parliamentary vote of confidence on an austerity package aimed at helping the European Union’s third largest economy survive its debt crisis and get its finances under control. The lower house of parliament is expected to vote on the $39-billion austerity package on Friday, with the upper house set […]

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Greeks Expecting More Shutdowns Ahead of Austerity Vote

Posted October 18th, 2011 at 6:40 am (UTC-5)
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Greeks are preparing for a massive nationwide strike ahead of Thursday’s vote on the latest proposed austerity measures. Much of Greece is expected to grind to a halt as workers protest further cuts to their pay and tax increases. Already trash service has become an issue across Athens. The Greek military has been made available […]

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Italian Parliament To Vote on Austerity Plan

Posted September 14th, 2011 at 6:40 am (UTC-5)
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Italy’s lower house of parliament is expected to vote Wednesday afternoon on Prime Minister Silvio Berlusconi’s controversial $74 billion austerity plan. The plan is a mix of spending cuts, tax hikes and changes to retirement plans aimed at achieving a balanced budget by 2013. The financial plan is expected to pass as Mr. Berlusconi’s party […]

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Italy’s Berlusconi Survives Austerity Confidence Vote

Posted September 7th, 2011 at 2:25 pm (UTC-5)
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Italian Prime Minister Silvio Berlusconi has survived a confidence vote in the Senate over his government’s $76 billion austerity plan to stave off the country’s financial crisis. Parliament’s upper chamber voted Wednesday night after days of debate over the government’s plan to cut spending and raise taxes. The government is trying to trim its debts, […]

Tags: , , Posted in Economy, Europe

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