troika austerity measures greece

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Welcome to The Globe and Mail’s comment community. With varying degrees of enthusiasm and obedience, each respected the wishes of their paymasters – the European Union, the European Central Bank and the International Monetary Fund, known as the Troika – and implemented austerity in exchange for €240-billion ($344-billion) in bailout loans.
“There are a whole series of infectious diseases which have been kept at bay over the past 50 or 60 years by strengthened public health efforts,” Martin McKee, professor of European public health at LSHTM and one of the report’s co-authors, told The Independent. Protesters march during a 24-hour general strike against austerity measures in Greece on November 28, 2014. We cannot substitute a public health system and we do not want to.”, Health employees demonstrate outside the Health Ministry in Athens, People stand outside the "Polyklikini", one of the hospitals affected by overhaul of the health sector. But, piled on top of an uncompetitive economy, the tidal wave of tax hikes and spending cuts pushed Greece into an economic and social Hades. "We will present our own program. “The cost of austerity is being borne mainly by ordinary Greek citizens, who have been affected by the largest cutbacks to the health sector seen across Europe in modern times,” said senior author Dr David Stuckler, of Oxford University. The trouble for the Troika is the anti-austerity arguments are even more compelling and it comes down to this: Austerity was doomed to fail in Greece. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Press TV reports: The prime minister also censured the troika – the European Union (EU), the International Monetary Fund (IMF) and the European Central Bank (ECB) – for pressuring Athens on imposing additional austerity measures, including tax rises and income cuts. Fiscal waterboarding indeed. Greece has been relying on international rescue loans since 2010. Please be respectful when making a comment and adhere to our Community Guidelines. “It’s quite straightforward to measure what has happened, it’s much harder to quantify the long-term health implications for the long-term unemployed and uninsured…Leaving health problems to get out of hand ends up costing a state much more in the long run.”. Greece’s public hospital budget was cut by 25 per cent between 2009 and 2011 and public spending on pharmaceuticals has more than halved, leading to some medicine becoming unobtainable, experts from Oxford, Cambridge and the London School of Hygiene and Tropical Medicine (LSHTM) said. Syriza is right – Greece needs a break from austerity. While the scenario is remote, it is not out of the question if Syriza's austerity overhaul efforts hit a brick wall. Want to bookmark your favourite articles and stories to read or reference later? Co-founder Christos Sideris told The Independent: “The healthcare situation in Greece is, unfortunately, dramatic. However, it is the first time that a German minister has characterized the Troika and tough austerity measures as tools of torture, tools that for ten years have tortured the people of Greece, tools that were accepted by Greek governments. The Greek Ministry of Health and Social Solidarity did not respond to a request for comment. Burying a fourth – the new government of Syriza party leader and Prime Minister Alexis Tsipras – will not be so easy. We look after more than 300 children below the age of three, and have helped 126 cancer patients to receive chemotherapy, in collaboration with a public hospital. The austerity measures were described as necessary medicine — bitter at first, but with a long-term benefit of recovery. The low Canadian dollar triggered an export surge. Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. The politicians, technocrats, economists and commentators who are betting on the Troika seem to have compelling arguments for keeping the austerity and debt package intact. “We hope this research will help the Greek government mount an urgently needed response to these escalating human crises.”. It has received 240 billion euros (330 billion dollars) in international loans. The suicide rate has gone up from around 400 in 2008 to nearly 500 in 2011. In exchange, Athens has implemented harsh austerity measures. Voters saw them as the Troika's lapdogs and took to the streets in mass, violent anti-austerity protests.

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