Far from being over Europe’s economic crisis is getting worse with disturbing levels of poverty and deprivation being noted among children and youth, says a report compiled by the Catholic charity Caritas.
The survey, conducted over the course of the past year, not only challenges the official discourse – that Europe is on the mend – but documents a dramatic rise of a class of new poor in the seven EU countries worst hit by the policies of austerity.
Greece assumes the presidency of the European Union Wednesday, starting 2014 with a promise by the government to pull the country out of a six-year recession, keep a balanced budget, and effectively end a financial crisis that rattled the euro.
“In 2014, Greece will return to the markets and start to become a normal country again,” Prime Minister Antonis Samaras said in a televised New Year’s address. “After six unending, painful years, 2014 will herald the prospect of growth … What’s important is that we’ve avoided the worst.”
APR. 3, 2014
Greek Parliament, as part of widening effort to clamp down on activities of Golden Dawn, votes to lift immunity of another four of the party’s lawmakers so they can face trial on charges of setting up a criminal organization.
APR. 2, 2014
Euro zone finance ministers, pointing to signs that Greece is emerging from its economic crisis, approve release of 8.3 billion euros in rescue loans to the country.
MAR. 25, 2014
Many Greeks, with scant opportunities in demolished private sector and unemployment at record 28 percent, are starting businesses; more than 41,000 new companies were formed in Greece in 2013; business incubators and shared work spaces have sprung up in cities to accommodate start-ups.
MAR. 19, 2014
Greek Prime Min Antonis Samaras says that, after seven months of faltering negotiations, Greece has reached deal with its foreign lenders on economic reforms necessary to unlock billions of euros in crucial rescue funding; also pledges to distribute 500 million euros to Greeks hit hardest by economic crisis.
MAR. 19, 2014
Greek Coast Guard recovers bodies of seven migrants who drowned in Aegean Sea after trying to reach Greek island of Lesbos from Turkey in plastic rowboat; eight others are rescued and two remain missing.
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