Greece debt crisis: even finding aspirin has become a headacheStrained government finances are partly to blame for a paucity of aspirin in Greece. The country’s financial crisis has spawned a frightening reduction in access to medical care, writes Naomi Kresge.
Greece
Maley: Greece to default without labour reform
Greek Prime Minister Lucas Papademos says the country faces “uncontrolled default” in March unless unions and employers can quickly agree on labour cost cuts to boost competitiveness.
Eurozone crisis: new bailout under half the size of Oz economy
The question for the eurozone in 2012 is the pace of panic: a slow panic still grabs you in the end. Knowing Europe and the various governments there’s something out there with the capacity to bring on that feeling.
Jugglers on the street, PM trying to keep skittles in the air
You would be hard-pressed to say there was anything amiss in Kolonaki, the upmarket area one stop along from the centre of Athens. Here, amid the Parisian-style apartment buildings and boutiques devoted to the sale of all things Athenian — furs and leather thigh-high boots for the most part — there are no empty shop fronts, and anyone going […]
Can new leaders end the eurozone debt crisis?
Weeks of political upheaval resulted in both Greece and Italy getting new heads of government. But the replacements will have to face the same difficult economic circumstances that killed the political careers of their former leaders, says Michael S
The right time for a left revival in cash-strapped Europe
Despite all the talk of crisis, there has been no sign of Europeans rejecting orthodox economic consensus that blames unsustainable levels of government debt and warns that recovery is going to be painful.
Maley: PM is gone as Greece clings to austerity plan
Financial markets face a tense start to the week, as they wait to see whether Greece’s sparring politicians can work together in a national unity government and whether Italy can reassure nervous investors that it will push ahead with fresh austerity measures.
Greek PM gone, a new unity government to form
Crikey media wrap: The Greek political saga continues, with crisis talks resulting in a new coalition government formed between the ruling party and the opposition in order to enact the euro bailout plan.
Embattled Greek PM survives no confidence vote
Bringing to an end a tumultuous week in Greek politics, Prime Minister George Papandreou has survived a no confidence vote after being widely expected to stand down, reports Rachel Donadio and Niki Kitsantonis.
Crikey Says: Europe does matter
We can judge the Europeans severely for their many and varied faults of economic management, but for the sake of Australian jobs we can’t stand idly by while they drag the globe into recession.
Referendum ditched in chaotic Greece
Crikey media wrap: Greek politics is in turmoil, with its Prime Minister George Papandreou nixing his plans for a referendum on austerity measures in the latest eurozone bailout plan as he fights to hold his leadership.
Greek gift of democracy puts Europe back on the brink
Europe is back on the brink of crisis after the Greek government opted to put last week’s bailout deal to the people. Glenn Dyer and Bernard Keane report on the latest developments.
Rundle: crisis, from the Greek, the moment at which a patient lives or dies
The EU bailout of Greece is in fresh crisis today, following the announcement by prime minister Georges Papandreou that the country will go to a referendum on the package.
Guy Rundle: Occupy could lead to the Church turning on its own
Christian groups have announced that they will form a “ring of prayer” around the Occupy London/St Paul’s protest, after church authorities went ahead with a plan to gain a legal injunction against the protest and have it removed.
Financial crisis takes toll on Greece’s health
The creeping consequences of austerity measures in Greece are beginning to show, with the nation facing a sharp increase in suicides and restrictions on access to health care, writes Stephen Leeder.
Is Greece, on fire, signing its default warrant?
Tens of thousands of Greek public servants, students and pensioners hit the streets overnight to protest against the government’s latest austerity measures, as traders continued to bet that a Greek default was imminent.
Rating the threat to a new Greek bailout
Ratings agencies are likely to find themselves under increasing attack after Standard & Poor’s last night warned that plans to corral French and German banks and insurance companies into contributing to the second Greek bailout could push the country into default.
Political snippets: Where’s the jobs boom?
Australian Bureau of Statistics figures out this morning give no indication of the employment boom that some economists are keen to predict will soon fan an inflationary fire.
Austerity or ‘suicide’: no plan B for Greece
Greek policymakers have conceded that they have no plan B if a parliamentary vote for new austerity measures is defeated. A prominent economist has warned that such a vote would be akin to “suicide,” reports Kerin Hope and Ralph Atkins.
Your Say: Daily Mail readers' feedback: Can Labor be saved?
Crikey readers have their say.
Will Greece repeat the tragedy of Argentina?
The Greek economy is struggling to keep afloat, but the European Union decided to delay its next cash injection until July. The NY Times has nine economists weigh in on the crisis and compare it to Argentina economic crash of the early 2000s.
Political snippets: Liberals’ ‘Lemon, Lime and Bitter’ ad a viral success
They must be chuckling at Liberal Party headquarters over the success of their “Lemon, Lime and Bitter” so-called advertisement.
Maley: eurozone fractures are widening
Investors were heartened last night by news that Greek Prime Minister George Papandreou had managed to stave off a revolt from his fellow Socialist deputies. At the same time, however, cracks in the eurozone’s financial system are continuing to widen.
Greece squabbles over austere policies
It’s strange how the financiers preaching pain forget that in a democracy the people who vote will not greet policies that promote unemployment and a savage fall in living standards with enthusiasm, writes Richard Farmer.
Political snippets: Better housing news but trend still down.
An encouraging sign in the official Australian Bureau of Statistics figures for April.
