The South African Civil Society Information Service
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
22 Apr 2015
With the debt clock ticking, Greece is fast running out of money. The country has ordered all state bodies to place their cash reserves in the nation’s central bank, the Bank of Greece, as it struggles to stay afloat. Greece is supposed to receive the last installment of its bailout funds from European creditors, but the country’s new leftist, anti-austerity Syriza party has expressed concerns about its terms. The creditors are reportedly pressuring the country to restructure its labour market and curtail its pension system; Syriza has instead done the opposite by increasing pension payments to lower-wage workers.
Democracy Now! gets comment from Greek Finance Minister Yanis Varoufakis.
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