Greek lawmakers have approved the country’s 2013 budget, which cuts spending and raises taxes in a bid to prevent the country from going bankrupt. Next year’s austerity budget reportedly includes $12 billion in pension, wage and spending cuts. Its approval comes days after parliament narrowly voted to proceed with other austerity measures. The lawmakers are […]
Thousands Protest in Greece as Budget Vote Looms
Posted November 11th, 2012 at 2:25 pm (UTC-5)
Thousands of protesters gathered outside of Greece’s parliament as lawmakers prepared to vote on the annual budget which is expected to cut spending and raise taxes as part of a plan to secure foreign aid. More than 13,000 people marched through the streets of the capital, Athens, Sunday, in demonstrations ending at the city’s main […]
IMF, Germany Disagree on Greek Debt
Posted October 12th, 2012 at 2:45 pm (UTC-5)
German Chancellor Angela Merkel has rebuffed a call by the International Monetary Fund to give Greece more time to meet its budget-cutting goals. German Finance Minister Wolfgang Schaeuble conveyed the chancellor’s comment Friday at the IMF annual meeting in Tokyo, in response to a suggestion by IMF chief Christine Lagarde that Greece may need two […]
Merkel Makes First Visit to Greece Since Debt Crisis
Posted October 9th, 2012 at 11:30 am (UTC-5)
German Chancellor Angela Merkel told Greece the sacrifices it makes toward cutting spending will pay off, an unpopular message to tens of thousands who protested her visit to the country. Ms. Merkel made her remarks after meeting Tuesday with conservative Greek Prime Minister Antonis Samaras in Athens. Her five-hour stop in Greece was her first […]
Greek Protesters Clash with Police
Posted September 26th, 2012 at 9:55 am (UTC-5)
Greek police clashed with hooded youths hurling firebombs at them Wednesday in Athens after 50,000 workers demonstrated against the government’s latest round of austerity measures. Officers fired tear gas canisters and stun grenades back at the youths, with the booming noise and smoke filling the streets near the central square . Workers walked off their […]
Greek Workers Hold General Strike
Posted September 26th, 2012 at 8:35 am (UTC-5)
Greek police have fired tear gas at protesters in Athens after some demonstrators hurled gasoline bombs at them, as tens of thousands of people demonstrate against the latest round of austerity measures. Workers walked off the job Wednesday, closing schools, canceling flights and shutting down shops and services across the country. Greece is required to […]
Greek Workers Hold General Strike
Posted September 26th, 2012 at 5:30 am (UTC-5)
Workers in Greece are holding a nationwide, 24 hour strike to protest the latest round of austerity measures – the first such action a coalition government took control in June. Thousands of workers walked off the job Wednesday, closing schools, canceling flights and shutting down shops and services across the country. Police are deploying across […]
Greeks to Hold General Strike Sept. 26
Posted September 13th, 2012 at 11:35 am (UTC-5)
Greece’s two main labor unions have announced a general strike against planned austerity measures on September 26. A spokeswoman for the General Confederation of Greek Labor said the action would involve members of both the country’s largest private sector union and its largest public sector union. The 24-hour strike is meant to speak out against […]
Greek PM Launches Bid to Secure Better Bailout Terms
Posted August 22nd, 2012 at 12:25 pm (UTC-5)
Launching a diplomatic bid aimed at securing better economic-bailout terms, Greek Prime Minister Antonis Samaras has met with Eurogroup President Jean-Claude Juncker in Athens. Later this week, Mr. Samaras will meet in Berlin with German Chancellor Angela Merkel and in Paris with French President Francois Hollande. Before meeting Juncker, Mr. Samaras told the German newspaper […]
Greek PM Says Country Not Seeking More Money
Posted August 22nd, 2012 at 6:05 am (UTC-5)
Greek Prime Minister Antonis Samaras is seeking to reassure the country’s international creditors, saying Greece is not looking for any additional money to help its recession-plagued economy. Mr. Samaras is hosting talks Wednesday with Eurogroup President Jean-Claude Juncker, and will travel for meetings later in the week with German Chancellor Angela Merkel and French President […]
