Greek government-debt crisis countermeasures

Growth for Greece, austerity for others - "Maintain the performance of recent years" the Commission's message

New government accepts the need to cut spending and introduce austerity measures - but with elections on the horizon, whether it will dare to do so looks doubtful.

The International Monetary Fund has underlined the need for planned pension cuts to be carried out while conceding that the negotiation is between Greece and its European partners as the Fund did not participate in the country's last bailout program.

The German parliament has approved a debt relief package for Greece that is meant to help wean the country off its rescue loans as its eight-year bailout program comes to a close.

Lawmakers in Berlin voted 410-226 on Friday to support the package, which Greece's European creditors and the International Monetary Fund agreed on last week. There were seven abstentions.

Greek workers went on strike on Wednesday to protest against years of belt-tightening and a new wave of austerity measures that will kick in after the country's third international bailout expires this summer.

Greeks walked off the job in a nationwide strike yesterday to protest austerity measures and reforms the leftist-led government has agreed with the country’s creditors in exchange for bailout loans.

Greek trade unions marked May Day with a 24-hour nationwide strike and protests against looming new cuts demanded by the country's creditors in return for bailout cash.

Greek tax service employees took their protest against bailout-driven austerity to the heart of government on Monday, as Athens waits to hear if its reform plans are enough to satisfy euro zone finance ministers meeting in Brussels.

Representatives of Greece's international creditors were expected to leave the capital on Friday without having reached an agreement with government officials on contentious issues including pension reform and overhauls to labor rights and the tax system.

Poverty in Greece has increased by a shocking 40% from 2008 to 2015, according to data released by the Cologne Institute for Economic Research (IW). Cyprus with a 28.2% rise comes after Greece, followed by Ireland with a 28% increase.