Working for New York's Workers With Labor Day behind us, I want to take the time to reflect on what the State Legislature has been able to accomplish for our state’s employees – and our plans for the future once session resumes ...
Greece cannot take any more austerity as it will cause more social unrest and lessen the chance of an economic recovery, a United Nations debt expert said on Monday. Juan Pablo Bohoslavsky, the U.N. Independent Expert on Foreign Debt, told reporters in Beijing that Greece's creditors in the European Union should have paid more attention to what international law says on the matter of debt. "I have the impression that the EU had forgotten that international human rights law plays and should play a key role in finance.
Greece will not leave the euro zone this year but Britain is now more likely to vote to leave the European Union in a referendum, Ladbrokes bookmaker odds showed on Monday after Greeks voted 'no' to bailout terms. Greece is now 2/5 to remain in the euro zone this year while the odds on Britain leaving were cut to 3/1 from 7/2, the bookmaker said. "Betting markets favor their euro zone membership staying intact until the end of the year at least," Ladbrokes spokesman Alex Donohue said of Greece.
ROME (Reuters) - Italy's top official for European Union affairs called on Monday for Greece and its creditors to resume negotiations with an increased willingness to compromise following the referendum in which Greeks rejected the lenders' most recent proposal.