Troika

LISBON

Portugal’s Disappearing Middle Class

By Mario Queiroz
Poverty in Portugal has risen to levels that were unimaginable a year ago despite the bleak outlook forecasted by the harsh measures imposed by the troika of creditors in exchange for the country's financial bailout.

Creditors’ Stalemate Brings Greece to Knife Edge

By Apostolis Fotiadis
Ignoring the thousands of protestors gathered outside the Greek parliament on Wednesday, the government voted in public spending cuts amounting to 17 billion dollars in an economy already on its knees from a lacerated budget.