UK`s Labour expected to anoint leftist Corbyn as leader

Britain`s main opposition Labour party was expected to name radical leftwinger Jeremy Corbyn as its new leader Saturday, embracing the anti-austerity sentiment sweeping Europe but threatening deep splits ahead.

Italy PM urges Greek talks to look beyond austerity to growth

Italian Prime Minister Matteo Renzi on Monday called for talks on resolving Greece`s debt crisis to not focus only on austerity but also on strategies to boost growth.

Bailout offer: Greeks defy Europe with overwhelming referendum 'No'

Voters in Greece resoundingly rejected creditors' demands for more austerity in return for rescue loans, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal.

Anti-austerity protests in Greece as bank shutdown bites

Tens of thousands of Greeks rallied on Monday to back their leftwing government`s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.

Anti-austerity protesters rally at Greek parliament

Several hundred anti-austerity protesters, chanting slogans against the European Union and IMF, rallied near parliament in Athens on Sunday as a deepening crisis forced Greece`s leftist government to announce capital controls on the banking system.

Thousands march in London against new UK government's austerity plan
Thousands march in London against new UK government's austerity plan

Thousands of protesters marched through central London on Saturday to demonstrate against the newly re-elected Conservative government`s plans for public spending cuts.

Greek minister changes tone, but sticks to anti-austerity line

Greek Finance Minister Yanis Varoufakis struck a conciliatory note on Monday in a long battle over a cash-for-reforms deal, calling a meeting with his German counterpart Wolfgang Schaeuble in Berlin helpful.

Punjab govt issues instructions to officials to cut expenses

The Punjab government on Monday issued instructions to all state departments including ministers and senior officials to ensure austerity in public expenditure for the financial year 2015-2016.

Austerity drive: NDMC to cut expenses on flower decoration

The cash-strapped NDMC has now resorted to austerity measure, with its standing committee on Wednesday announcing to cut expenditure on flower decoration in the rooms of officials and elected representatives.

Goa govt stops paying electricity bills for religious places

Years after illuminating several churches, temples and a mosque in the state, Goa government on Monday decided not to foot their electricity bill anymore as an austerity measure, drawing flak from the opposition.

Whoever wins, Britain faces more austerity medicine

In the cacophony of slogans ahead of Britain`s general election on May 7 one thing is for sure -- the country faces more austerity whichever party wins.

Brazil central bank allows currency support program to end

Brazil`s central bank announced the end of a program to support the strength of the national currency, the real, despite its continued decline.

Left-wing Greek PM to visit austerity champion Merkel

The leaders of debt-wracked Greece and economic powerhouse Germany meet in Berlin Monday after weeks of bad feeling over Athens` debt woes, bitter wartime memories and an offensive hand gesture.

Anti-austerity violence mars opening of ECB`s new HQ

Violent clashes between anti-capitalist activists and German police marred the inauguration of the European Central Bank`s new headquarters Wednesday, with police cars set ablaze, rocks thrown and windows smashed.

Portugal hit by anti-austerity strike

Schools, hospitals, courts and state offices across Portugal were hit by a day-long strike on Friday called by civil servants fed up with austerity-linked salary and job cuts.

Spanish PM hits back at Greece`s Tsipras in austerity row

Spanish Prime Minister Mariano Rajoy on Sunday called on his Greek counterpart to get "serious" about his country`s debt-wracked economy, after Alexis Tsipras accused other eurozone partners of undermining its negotiations with Brussels.

Cabinet Secy asks bureaucrats to 'strictly' follow austerity code

Seeking to contain expenditure, the Cabinet Secretary has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding conferences and meetings in five-star hotels.

Greece confident ahead of EU meeting, but sticking to its no-austerity guns

Greece said on Sunday it was confident of reaching agreement in negotiations with its euro zone partners but reiterated it would not accept harsh austerity strings in any debt pact.

'Step to the Left indicates austerity fatigue in Europe'

Tim Stevenson, fund manager at Henderson EuroTrust plc, spoke to Zee Business on what the recent political events in Europe mean for the Eurozone.

Green Party rides anti-austerity mood in Britain

 A surge in support has made the Green Party a potentially disruptive anti-austerity political force in what is set to be Britain`s most unpredictable election, even if it wins only a few seats.