Euro zone finance ministers are expected to vote on whether to authorize a second bailout package for Greece as soon as Monday. Greece Finance Minister Evangelos Venizelos told reporters late Wednesday that his country had met the last two requirements of the European Union and International Monetary Fund to secure the $172 billion bailout. Venizelos […]
After Austerity Approval, Greece Sets April Election
Posted February 13th, 2012 at 2:15 pm (UTC-5)
Greece says it will hold a national election in April to replace the caretaker government of Prime Minister Lucas Papademos. The announcement was made a day after rioters torched the center of Athens and parliament adopted a new round of controversial austerity measures. European leaders cautiously applauded the Greek legislative action to cut the country’s […]
After Austerity Approval, Greece Sets April Election
Posted February 13th, 2012 at 12:00 pm (UTC-5)
Greece says it will hold a national election in April to replace the caretaker government of Prime Minister Lucas Papademos. The announcement was made a day after rioters torched the center of Athens and parliament adopted a new round of controversial austerity measures. European leaders cautiously applauded the Greek legislative action to cut the country’s […]
After Austerity Approval, Greece Sets April Election
Posted February 13th, 2012 at 10:00 am (UTC-5)
Greece said Monday it will hold a national election in April to replace the caretaker government of Prime Minister Lucas Papademos, a day after rioters torched the center of Athens and parliament adopted a new round of controversial austerity measures. European leaders cautiously applauded the Greek legislative action to cut the country’s minimum wage by […]
Greeks Riot as Parliament Passes Austerity Measures
Posted February 12th, 2012 at 7:00 pm (UTC-5)
The Greek parliament has approved a new package of spending and job cuts demanded by international lenders, bringing Greece closer to a new badly needed bailout. Lawmakers passed the plan late Sunday after protesters burned buildings, smashed windows and pelted police with rocks and gasoline bombs. Police attacked the rioters with tear gas. Around 100,000 […]
Greeks Riot as Parliament Debates Austerity Measures
Posted February 12th, 2012 at 6:00 pm (UTC-5)
Greek protesters burned buildings, smashed windows and pelted police with rocks and gasoline bombs Sunday while parliament debated more spending cuts demanded by international lenders. Police say around 100,000 protesters marched through Athens and the second largest city, Thessaloniki. At least 10 buildings in Athens were set on fire, including movie theaters, cafes and banks. […]
Greek Parliament to Vote on Austerity Measures
Posted February 12th, 2012 at 11:50 am (UTC-5)
Greece’s parliament on Sunday began debating draft austerity measures demanded by the European Union in exchange for a new bailout loan. The lawmakers are expected to vote on the measure later Sunday or early Monday. The Greek Cabinet approved a draft of the austerity bill late Friday. If passed, it will authorize Prime Minister Lucas […]
Greek Leaders Push for Cuts; Anguish on the Streets
Posted February 11th, 2012 at 7:40 pm (UTC-5)
Greek leaders are issuing new pleas – and warnings – ahead of a crucial vote that will determine whether Europe comes to the rescue with another bailout loan. In a televised address on Saturday, Prime Minister Lucas Papademos defended the thousands of job cuts, drop in the minimum wage and other austerity measures that would […]
Greek Leaders Push for Cuts; Anguish on the Streets
Posted February 11th, 2012 at 11:15 am (UTC-5)
Greek leaders are issuing new pleas – and warnings – ahead of a crucial vote that will determine whether Europe comes to the rescue with another bailout loan. Socialist party leader George Papandreou and New Democracy Party leader Antonis Samaras Saturday urged lawmakers to back the latest round of budget cuts, saying there is no […]
Another Round of Talks Set On Greek Bailout
Posted July 15th, 2011 at 2:15 pm (UTC-5)
Leaders of the 17 nations that use the euro are making another effort to work out an aid package for the Greek economy. Greece has already gotten about $160 billion in emergency loans, and needs another dose of aid of about the same size. Eurozone officials have been called to Brussels next Thursday, where they […]
