Dozens of UK Starbucks branches will be turned into creches, refuges and homeless shelters, as direct action group UK Uncut hijacks the coffee outlets to highlight the chain's tax avoidance tactics.Tuesday, 13 November, 2012, 5:59am
Amid some of the most violent demonstrations in Greece in months, its Parliament approved a sweeping set of austerity measures early yesterday in a desperate bid to keep the country in the euro zone.9 Nov 2012 - 3:27am
Public transport and media workers began a week of strikes in Greece yesterday, contesting fresh austerity measures needed for a lifeline from creditors which are due to be presented by the government to parliament.
The metro in Athens was shut and only one tram line circulated yesterday, while taxi drivers halted services, severely disrupting traffic in the capital.6 Nov 2012 - 3:27am
Thousands of anti-austerity protesters who marched to Spain's parliament were prevented from surrounding the building by metal rail barricades and a large police presence.
The Surround Parliament group had called on people to gather at Plaza de Espana and march on the legislature to oppose spending cuts and tax rises introduced by Prime Minister Mariano Rajoy's government.29 Oct 2012 - 4:07am
Spanish Prime Minister Mariano Rajoy’s right-leaning party on Sunday retained power in his home province of Galicia despite recession and biting austerity measures, official results showed.22 Oct 2012 - 5:16am
The French government will not impose a wealth tax on works of art following an angry backlash against the planned levy from the country's leading museums, including the Louvre.22 Oct 2012 - 1:54am
The EU began a two-day summit meeting yesterday amid sharp French and German differences on how to deal with the three-year euro crisis, leaving Paris and Berlin at odds as European Union leaders considered what takes priority - tough austerity or measures to help euro-zone states cope.19 Oct 2012 - 5:23am
It is hard for a leopard to change its spots. How much harder for the International Monetary Fund, prime deviser of the ABCD - austerity, budget cuts, conditionality, deficit reduction - regimen forcing indebted countries to swallow bitter economic medicine, to change its mind and suggest that sometimes it might be better to build up the strength of sickly countries than resort to blood-letting.17 Oct 2012 - 3:31am
Athens ground to a halt yesterday for German Chancellor Dr Angela Merkel's first visit since the financial crisis began, as police fired tear gas to disperse protesters who tried to storm a barricade near Parliament. Two Nazi flags were draped on the steel fence near Parliament and set on fire.10 Oct 2012 - 4:36am
Tens of thousands of left-wing protesters took to the streets of Paris to denounce EU-driven austerity measures being pushed on member states, a day after similar protests in Spain and Portugal.2 Oct 2012 - 3:52am
After four years fighting the markets and a mushrooming economic crisis, Spain appears poised to cave in and apply for a sovereign bailout.1 Oct 2012 - 4:26am
Spain’s government was hit hard by the country’s financial crisis on multiple fronts on Tuesday as protestors enraged with austerity cutbacks and tax hikes clashed with police near Parliament, a separatist-minded region set elections seen as an independence referendum and the nation’s high borrowing costs rose again26 Sep 2012 - 3:45pm
As the pungent aroma of tear gas swirled around the Greek parliament, the government finally managed to push through a string of austerity measures demanded by its creditors. No one questions the amount of serious pain these measures will inflict, but will there really be any gain?20 Feb 2012 - 12:00am
Melody Cheung, 16, St Paul's Secondary School
Austerity measures are implemented to cut government spending in a country experiencing financial trouble.
When the governments of Greece and Britain announced they would reduce spending on education, students and teachers took to the street in protest.8 Nov 2011 - 12:00am
IT'S BEEN FOUR months since President Hu Jintao kicked off the latest government crackdown on overinvestment. Yet, monetary and legal measures don't seem to be working, in large part because growth-hungry local officials are ignoring the dictates from on high.
What next?12 Aug 2006 - 12:00am