austerity

Hello, The Troika (IMF, EU and the ECB) has imposed austerity measures to Greece , after lending to the Greeks 300 billions of Euros. I am wondering many things about all of this: 1. The money the Greeks are receiving from the Troika is going to help Greece to grow economically? ...

The left opposition won in a crushing defeat for conservatives in North Rhine-Westphalia, a large German state. The election leaves Merkel in a weakened position despite continued popularity for continuing German economic strength. It will be interesting when it comes to her reelection. That...

Portugal rejected the minority government's move for further austerity measures earlier today. The country is likely headed towards bailout now and should that happen, Prime Minister Jose Socrates is expected to resign and the government to collapse. Meanwhile, Ireland's 10-year passes 10%...