Austerity

Argentine president announces salary hikes, tax cuts, after poll setback

The peso got slammed for a third day on Wednesday, despite President Mauricio Macri's measures to soften the impact of austerity on voters.

Protests continue in Jordan against tight austerity measures

Jordan has a high public debt and has taken in millions of refugees from conflicts in the region.

Four EU member states that threaten the union’s welfare

France, Italy, Spain and Greece have been experiencing economic recessions, causing difficulties for their citizens.

Argentina to tax grain exports, slash ministries to balance budget

President Mauricio Macri warned poverty levels would rise due to inflation running at more than 30 percent but said the government would make an effort to bolster some social programmes.

Greek sailors extend strike, leave thousands stranded

Unions are seeking a five percent pay rise after an eight-year pay freeze under Greece's international bailout programme, which ended last month.

Greece leaves bailouts behind after biting austerity

Greece returns to growth for the first time since 2010 as its once vast public deficit is turned into a solid budget surplus.

Will recent protests in Jordan lead to a revitalised civil society?

Jordanian civil society secured a big victory when protests led to the resignation of the country's prime minister and the repeal of a controversial tax code. The real question is whether Jordanians can sustain the momentum for genuine reforms.

Jordan's King Abdullah expected to ask PM to resign

The dismissal of PM Hani Mulki was demanded in a series of protests against IMF-backed tax increases that have shaken the kingdom.

Greek workers strike against bailout reforms

More than 10,000 striking workers, youths and pensioners marched to parliament around noon to protest against a new wave of austerity measures due to begin after the current international bailout expires in August.

Austerity measures hit Chadian families hard

The government last month reduced civil servants' bonus pay by 50 percent, adding to a previous 50 percent cut in 2016, making it difficult for many to feed their families.

Jobseeking protesters clash with police in Tunisia

Unemployment, corruption and austerity measures in the 2018 budget have fuelled widespread protests in the North African country,

Greek parliament approves new reforms bill

Greek protesters in Athens clashed with police who fired tear gas during a strike against voting for further creditor-demanded measures which included family benefits, union strikes and property foreclosures.