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Europe Moving Quickly to Disburse Greek Bailout Money

Posted July 1st, 2011 at 12:45 pm (UTC-5)
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European officials are moving quickly to disburse more bailout money to Greece to keep the debt-ridden country from defaulting on its loans. Europe’s finance ministers agreed Friday to hold a video conference Saturday to release $17 billion to Greece, part of the $156 billion bailout it secured last year from the European Union and the […]

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Greek Parliament Approves Details of Austerity Plan

Posted June 30th, 2011 at 2:30 pm (UTC-5)
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The Greek parliament has approved the details of its new austerity plan, clearing the way for release of more international aid for the debt-ridden government. Lawmakers in Athens on Thursday voted for the specific measures proposed by Prime Minister George Papandreou in his $40 billion plan to raise taxes, cut spending and sell state-owned assets. […]

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German Banks Ready To Ease Greek Payback

Posted June 30th, 2011 at 10:45 am (UTC-5)
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A top German official says German banks are ready to contribute to the Greek bailout. Thursday, Germany’s Finance Minister Wolfgang Schaeuble said some German banks are willing to offer new loans to Greece instead of demanding immediate payment when repayment is due on billions of dollars worth of existing loans. The voluntary plan was announced […]

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Greek Parliament Approves Details of Austerity Plan

Posted June 30th, 2011 at 10:30 am (UTC-5)
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The Greek parliament has approved the details of its new austerity plan, clearing the way for release of more international aid for the debt-ridden government. Lawmakers in Athens on Thursday voted for the specific measures proposed by Prime Minister George Papandreou in his $40 billion plan to raise taxes, cut spending and sell state-owned assets. […]

Tags: , , , Posted in Europe

Greek Parliament Prepares for Second Austerity Vote

Posted June 30th, 2011 at 6:10 am (UTC-5)
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Greek police clashed early Thursday with protesters outside parliament ahead of a vote to approve a final austerity bill. The Greek parliament Wednesday approved the first step in sweeping new austerity measures aimed at securing international financing for the debt-ridden nation. Thursday’s parliamentary vote is needed to implement the plan approved Wednesday. The roll-call vote […]

Tags: , , , Posted in Economy, Europe

Greek Parliament Approves Austerity Plan

Posted June 30th, 2011 at 3:45 am (UTC-5)
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Greek police clashed early Thursday with protesters outside parliament ahead of a vote to approve a final austerity bill. The Greek parliament Wednesday approved the first step in sweeping new austerity measures aimed at securing international financing for the debt-ridden nation. Thursday’s parliamentary vote is needed to implement the plan. Socialist Prime Minister George Papandreou […]

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Greek Parliament Approves Austerity Plan

Posted June 29th, 2011 at 2:20 pm (UTC-5)
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The Greek parliament has approved the first step in sweeping new austerity measures aimed at securing international financing for the debt-ridden nation. Socialist Prime Minister George Papandreou won passage Wednesday of his $40 billion plan to increase taxes, cut spending and sell state-owned assets. The plan was approved on a 155-to-138 vote, a wider than […]

Tags: , , , Posted in Europe

Greek Parliament Approves Austerity Plan

Posted June 29th, 2011 at 11:00 am (UTC-5)
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The Greek parliament has approved the first step in sweeping new austerity measures aimed at securing international financing for the debt-ridden nation. Socialist Prime Minister George Papandreou won passage Wednesday of his $40 billion plan to increase taxes, cut spending and sell state-owned assets. The plan was approved on a 155-to-138 vote, a wider than […]

Tags: , , , Posted in Europe

Greek Parliament Approves Austerity Plan

Posted June 29th, 2011 at 9:45 am (UTC-5)
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The Greek parliament has approved the first step in sweeping new austerity measures aimed at securing international financing for the debt-ridden nation. Socialist Prime Minister George Papandreou won passage Wednesday of his $40 billion plan to increase taxes, cut spending and sell state-owned assets. Lawmakers voted to pass the legislation as protesters opposed to the […]

Tags: , , , Posted in Economy, Europe

Greek Police, Protesters Clash at Parliament

Posted June 29th, 2011 at 8:35 am (UTC-5)
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Clashes broke out Wednesday between police and protesters trying to surround the Greek parliament, and police fired tear gas to disperse the crowd. Workers in Greece are in the second day of a 48-hour general strike, and the country is all but shut down by the protest action, aimed against a new round of national […]

Tags: , , , Posted in Europe

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