Showing Archived Posts

Greek Police Clash with Striking Workers Protesting Austerity Measures

Posted February 7th, 2012 at 9:50 am (UTC-5)
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Greek police clashed Tuesday with some of the thousands of striking workers in Athens protesting the latest austerity measures the government is seeking to impose to meet the demands of the country’s international creditors. Some demonstrators charged the steps of parliament and threw rocks at police, who fired tear gas at the protesters and hit […]

Tags: , Posted in Economy

Greece Minister: Government Jobs Cuts Planned as International Debt Pressure Intensifies

Posted February 6th, 2012 at 5:45 pm (UTC-5)
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A Greek minister says the debt-ridden country has agreed to cut 15,000 jobs from its government workforce, amid growing international pressure to impose more unpopular austerity measures. Public Sector Reform Minister Dimitris Reppas announced the job cuts Monday, but did not provide details. State jobs had so far been protected during the crisis, and unions, […]

Tags: , , , , Posted in Economy

Greece to Cut Government Jobs as International Debt Pressure Intensifies

Posted February 6th, 2012 at 3:35 pm (UTC-5)
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Greece has agreed to cut 15,000 jobs from its government workforce amid growing international pressure to quickly complete deals to cut its debt and impose more unpopular austerity measures. The Athens government announced the job cuts Monday, hours after German Chancellor Angela Merkel and French President Nicolas Sarkozy sternly warned it. The German and French […]

Tags: , , , , Posted in Economy

Germany, France Pressure Greece to Finish Debt Deals

Posted February 6th, 2012 at 12:00 pm (UTC-5)
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Germany and France are pressuring financially troubled Greece to quickly complete deals to cut its debt and impose more unpopular austerity measures. After meeting in Paris Monday, German Chancellor Angela Merkel and French President Nicola Sarkozy pointedly told the Athens government it would not get a second $171 billion bailout to avert a default on […]

Tags: , , , , Posted in Economy, Europe

Germany, France Pressure Greece to Finish Debt Deals

Posted February 6th, 2012 at 10:25 am (UTC-5)
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Germany and France are pressuring financially troubled Greece to quickly complete deals to cut its debt and impose more unpopular austerity measures. After meeting in Paris Monday, German Chancellor Angela Merkel and French President Nicola Sarkozy pointedly told the Athens government it would not get a second $171 billion bailout to avert a default on […]

Tags: , , Posted in Economy

Greece on ‘Knife Edge’ to Agree on Bailout

Posted February 5th, 2012 at 4:15 pm (UTC-5)
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Greek Prime Minister Lucas Papademos continues emergency talks with Greek party leaders Monday on more spending cuts, with his finance minister warning that the country is “on a knife edge” ((brink of disaster). The government and parliament must agree on a new austerity plan if it is to get another crucial bailout from the European […]

Tags: , , , Posted in Economy, Europe

Greece on ‘Knife Edge’ to Agree on Bailout

Posted February 5th, 2012 at 7:50 am (UTC-5)
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Greek Prime Minister Lucas Papademos is pressing his political allies to support a rescue package in order to avoid a government default, after his finance minister warned that just hours remain to clinch a deal. Mr. Papademos called an emergency meeting after Finance Minister Evangelos Venizelos warned that the government has only until Sunday night […]

Tags: , Posted in Europe

Severe Winter Weather Continues Its Hold on Europe

Posted February 4th, 2012 at 10:50 pm (UTC-5)
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Severe winter weather continues to dominate in many European countries with air and road travel disrupted and gas supplies running low. The hardest-hit country is Ukraine, where temperatures as low as minus 32 degrees Celsius have left at least 122 people dead. Oleksandr Heits, head of a rescue unit in Kiev, said many of the […]

Tags: , , , , , Posted in Europe

Severe Winter Weather Continues Its Hold on Europe

Posted February 4th, 2012 at 4:55 pm (UTC-5)
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Severe winter weather continues to dominate in many European countries with air and road travel disrupted and gas supples running low. The hardest hit country is Ukraine, where temperatures as low as minus 32 degrees Celsius have left at least 122 people dead. Oleksandr Heits, head of a rescue unit in Kiev, said many of […]

Tags: , , , , Posted in Europe

Europe Continues to Suffer Under Severe Winter Weather

Posted February 4th, 2012 at 11:40 am (UTC-5)
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Severe winter weather continues to dominate several eastern European countries with air and road travel disrupted and gas supples running low. Ukraine is reported to be the hardest hit where temperatures as low as minus 32 degrees Celsius have left more than 120 people dead, many of them homeless citizens of Kiev, the capital. Rome, […]

Tags: , Posted in Europe

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