A package of measures proposed by the Italian government aimed at improving its struggling economy has received final approval by the country’s parliament. The package, approved on Friday, includes measures aimed at reorganizing financial resources, limiting bureaucracy, and improving the country’s civil justice system. The package prioritizes infrastructure by allocating some 3 billion euros... 

Italian Five Star Movement opposition leader Beppe Grillo Italian opposition leader has used harsh language against lawmakers, saying they have “sold their soul to the German devil” and the only way out of the recession is to exit the euro or face a default. “Italian politicians have sold their soul to the German devil in return for their survival, at the expense of the people, who have to suffer... 

The Greek people, did not have to wait for the European Commission to tell them what we already know. Real unemployment is higher than what is recorded on paper, just like in the United States. The report says that 20% of households, are living off of 60% of the average median income in the country. The reality is in fact much worse, it is certain that more than 1/5 are below the poverty line. Young... 

A bomb explosion in central Greek city of Larissa has caused serious property damage. A powerful bomb explosion has hit an area in the central Greek city of Larissa, home to a prosecutor, causing property damage in the area. According to the ANA news agency, the blast occurred on Saturday, causing serious damage to a block of flats in the area. Greece police said the blast was caused by a bomb. Further... 

Athens Mayor Giorgos Kaminis Greek staff unionists have physically assaulted Athens Mayor Giorgos Kaminis amid protests against job cuts tied to Greece’s bailout, officials say. The mayor’s office said Kaminis was “physically attacked” on Sunday while he was leaving a Confederation of Greek Municipalities (KEDE) meeting, where he held discussions about the austerity measures and their affects... 

A homeless sleeps at the entrance of a bank in Milan, Italy on June 27, 2013. Recent figures released by the Eurostat data agency show the eurozone unemployment rate has hit its previous record-high of 12.1 percent in May. According to the data, the jobless rate rose 0.1 percentage in May after the previous months’ figures were amended down from 12.2 percent to 12.0 percent. Approximately 19.22... 

Public service workers in Portugal have engaged in a general strike to protest government austerity measures that have led to the nation’s worst economic slump since the 1970’s. The Thursday protest effort, which was called by Portuguese trade unions, began peacefully although it brought the nation’s public transport system to a halt, prompting anger and despair among those who decided to go... 

Italian students protesting against austerity measures Tens of thousands of workers and jobless people have taken part in a rally in the Italian capital, Rome, in protest against the country’s rising unemployment rate and unfair taxes. Italy’s three largest labor union confederations, the CGIL, CISL, and the UIL, organized the Saturday rally. The protesters slammed the government of Prime Minister... 

Thousands of Spaniards attend an anti-austerity demonstration in the capital Madrid, on June 16, 2013. Thousands of Spaniards have staged rallies across the country to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. The protests took place on Sunday in 29 cities including the capital Madrid, the country’s second-largest city, Barcelona,... 

A woman holds her child as she begs outside shops displaying Christmas offers in central Athens. Almost 600,000 children in Greece are living below the poverty line, a UNICEF official says. “The situation is very worrying. The problems of poverty and social exclusion are increasing,” President of UNICEF in Greece, Lambros Kanellopoulos, said on Wednesday. Kanellopoulos added that the situation... 

Demonstrators marching during a protest against austerity measures in Italy’s capital, Rome. Thousands of Italians have taken to the streets in the capital Rome to protest against tough austerity measures adopted by the government of Prime Minister Mario Monti. Thousands of anti-austerity demonstrators gathered in Rome’s Piazza della Repubblica on Saturday, expressing their anger at the government’s... 

The euro zone economy is declining for six consecutive quarters. Nine of the 17 countries are in recession: Spain, France, Italy, Finland, Netherlands, Portugal, Cyprus, Greece and Slovenia. The austerity policy imposed by the troika and the German government of Angela Merkel is sinking Europe. Eurostat data was released on Wednesday (15th) and are relative to GDP in the euro area in the first quarter... 

Israelis demonstrate against the cost of living in Tel Aviv. Protests have erupted in Israel as Premier Benjamin Netanyahu’s cabinet finalizes an annual budget that includes harsh austerity measures. Crowds of people gathered in a protest outside the weekly cabinet meeting in Jerusalem on Monday, where Netanyahu expressed hope that the disputed budget will be passed. The budget is expected to raise... 

In order to deal with its economic problems and further develop, Europe needs to deregulate its market and cut bureaucracy, but it does exactly the opposite, Chris Clarke, from Nottingham Trent University Business School told RT. In Clarke’s opinion, Europe is not even making an attempt to do the right thing to turn-around its economic woes. RT: Greece is the worst-hit in these latest figures and... 

Italy’s new Prime Minister Enrico Letta delivers his speech at the parliament in Rome on April 29, 2013. Italy’s new Prime Minister Enrico Letta says the coalition government will pursue growth policies to reverse an austerity drive which is killing Italy. The remarks were made on Monday during Letta’s inaugural speech to parliament. “Italy is dying from austerity alone. Growth policies...