For Sale: Greek Government Assets — Slightly Used

Greece is trying to raise cash by reviving an ambitious program to privatize state assets. The country’s lenders, which include the European Union and the International Monetary Fund, hope the sell-off will cut the country’s enormous debt. But Antonis Tsifis, who runs a betting shop in a working-class neighborhood in Athens, is upset that the … Continue reading

Protesting Italian miner slashes wrist on television

(Reuters) – A Sardinian miner slashed his wrist in front of television cameras on Wednesday as some 100 fellow workers stayed barricaded underground in a campaign to keep Italy’s only coal pit open. “We cannot take it any more. We cannot! We cannot!” Stefano Meletti, 49, shouted to reporters in a dark chamber of the … Continue reading

Spetses, the tycoons’ playground where gulf between rich and poor grows wider

by Vanessa Thorpe On a jetty alongside the town beach a loud phone call disturbs the peace of a handful of Spetses residents lying in the sun before taking their daily swim – one free pleasure that is still available to all. A rich weekender from Athens booms ostentatiously into his mobile, directing a man … Continue reading

The Greek patient returns for more help

by BEN CHU The Greek begging bowl is being brandished, once again, in European capitals. The leader of the country’s coalition government, Antonis Samaras, wants Athens to be given more time to fulfil the conditions of its IMF/EU bailout. Under the agreement’s present terms, Athens is required to reduce its budget deficit, which stood at 9.3 … Continue reading

Serb government tightens grip on central bank despite EU, IMF warning

BELGRADE (Reuters) – Serbia’s Socialist-led government stepped up control over the central bank in the struggling ex-Yugoslav republic on Saturday, ignoring IMF criticism and a warning that the move would hurt its bid to join the European Union. Parliament adopted amendments to the law on the National Bank of Serbia, as the government seeks to … Continue reading

Workers at Mining Industry factory in Northern Greece vote for factory self-management

Statement from workers at a mining industry factory in Greece announcing their decision to take over their factory under workers’ self-management. “You can’t? We can!” Workers at Mining Industry factory in Northern Greece vote for and prepare for self-management of their factory – victory to the workers! Concerning the struggle at VIOMIHANIKI METALLEYTIKI (Mining Industry) … Continue reading

Most Greeks think new government cannot solve woes: poll

(Reuters) – Most Greeks believe their new government is unable to resolve their near-bankrupt country’s problems, a poll found on Thursday. Greece depends on a second 130 billion-euro bailout from the International Monetary Fund and European Union, who demand spending cuts that have helped push it into its worst recession since World War Two and put … Continue reading

Angela Merkel’s mania for austerity is destroying Europe

The German Chancellor is terminating growth and pushing us towards a new Depression. BY MEHDI HASAN Which world leader poses the biggest threat to global order and prosperity? The Iranian president, Mahmoud Ahmadinejad? Wrong. Israel’s prime minister, Binyamin Netanyahu? Nope. North Korea’s Kim Jong-un? Wrong again.

Exclusive: Half of teachers forced to feed pupils going hungry at home

Heads and doctors want needy children to get free breakfast as Guardian survey reveals upsurge in demand by Denis Campbell and Patrick Butler Headteachers and senior doctors are calling for needy children to receive a free breakfast at school after a Guardian survey found almost half of teachers have brought food in for pupils who arrive at school with empty … Continue reading

Why the All-Important Greek Election Changed Absolutely Nothing

On Sunday, Greek citizens voted for the euro. On Monday, investors voted against it. And so, an election that we expected to avert an international financial meltdown ultimately corresponded with one.