Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzMyNDcxMjc1X0ZBQkZDMTVE] [b]Greek government, European officials plan billions in new social cuts[/b] by Alex Lantier and John Vassilopoulos July 27, 2012 Greek officials met with European Commission (EC) President José Manuel Barroso and international financial officials yesterday to discuss a new round of budget cuts worth 11.5 billion euros (US$14.4 billion) in 2013-2014. These cuts, amounting to over 5 percent of Greece’s Gross Domestic Product (GDP), will devastate a Greek economy already bled white by repeated waves of social cuts over the last three years. The Labor Ministry budget is to contract by €5 billion, largely at the expense of pensions. Greece’s devastated public hospital system faces another €300 million in cuts. Health minister Andreas Lykourentzos was forced to deny reports that Athens plans to impose a mandatory €1,500 upper limit on health spending per patient in Greece. Relative to the size of Greece’s economy, these cuts are massive; corresponding amounts would be $802 billion in the United States, £82 billion in Britain, or €136 billion in Germany. They come on top of the deepest economic contraction in Greece since the Nazi occupation of that country; most workers have lost 30 to 50 percent of their wages and benefits. Reports earlier this year suggested that roughly 30 percent of Greece’s population is forced to rely on street clinics for health care. Athens is making the latest budget cuts in a desperate attempt to meet European Union (EU) debt-cutting targets, which it has missed as austerity policies shrank Greece’s economy faster than it could pay down its debts. The economy is projected to contract by 7 percent in 2012, more than earlier forecasts of 4.5 percent. Greece needs further assistance to meet a €3.26 billion debt payment due on August 20. The leaders of the Greek government coalition met last night to finalize the budget cuts. Prime Minister Antonis Samaras of New Democracy (ND), PASOK leader Evangelos Venizelos, and Democratic Left (DIMAR) leader Fotis Kouvelis approved roughly €10 billion of the cuts. Government spokesman Simos Kedikoglou said the meeting had been “constructive,” adding: “Everyone wants to contribute to achieving fiscal targets.” [b]CONTINUE: http://globalresearch.ca/index.php?context=va&aid=32090[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Fake cell phone ‘towers’ may be spying on Americans’ calls, texts http://
California water infrastructure on verge of historic collapse
Feds Still Studying Why Lesbians Are Obese
Putin Threatens Nuclear War Over Ukraine
U.S. Army Plans To Battle Anti-Government Dissidents In “Megacities”
Homeland Security Loses Track of 6,000 Foreigners on Student Visas.
‘Brave New World’: Fox News writer asks “Is there a microchip in your future?”
Propaganda Alert: Without National ID card, you may be banned from boarding airplanes in 2016
U.S. Preps For Ebola Outbreak: Cases May Exceed 100,000 By December: “The Numbers Are Really Scary”
Why Does ISIS Fit In So Perfectly With The PNAC Plan?
Research Reveals How Sugar CAUSES Cancer
Free Online EMF Summit Begins September 2nd
Canned Food and Wine Ingredient Causes Adverse Reactions
30 Million Americans On Antidepressants And 20 Other Facts About America’s Big Pharma Nightmare
The U.S. Government Can Brand You a Terrorist Based on a Facebook Post
The U.S. Is Now a ‘Third World’ Country
Vermont Facing Obamacare Premium Hikes While It Preps For Single-Payer
US Signs Agreement with Mexico to Protect Mexican Workers – Including Illegals
Obama turns 'prepper,' warns of coming 'crisis' 'Families should assemble a disaster supplies kit'
DANGEROUS SUNSPOT ALIGNING WITH EARTH
Giant sinkhole in Durham is ‘becoming bigger’ every second, landowner warns
California drought is so severe it’s ‘causing the Ground to move’
Are You Brushing Your Teeth with a Carcinogenic Endocrine Disruptor?
Mind Control Scientists Turn Off Emotional Link to Memories
Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.007s (12 queries)