European Central Bank

Greece’s New Deal From European Lenders Delivers More Neoliberalism

Protesting tax office workers hang a banner from the finance ministry in Athens on Monday, March 20, 2017, that reads: “Reduction of tax free limit means new cuts to salaries and pensions. Stop Austerity.” (AP/Thanassis Stavrakis)
GREECE– The Greek government recently reached a new agreement with the so-called “troika” of lenders—the European Commission, the European Central Bank and the International Monetary Fund—on new reforms that are slated to go into effect in 2019.