Europe’s debt crisis threatens to spill over to Italy, Spain and beyond, throwing up a fresh challenge for EU finance gathered to solve the Greek fix.
Greek lawmakers have approved a massive new austerity package demanded by international creditors, amid violent protests outside Parliament.
Greek police with teargas and batons fought hooded youths near Parliament on Tuesday as violence broke out at a rally against anti-austerity measures.
As the cost of default insurance soars, the IMF
has warned dithering eurozone policymakers to move quickly to contain the danger of contagion.
Greece is on the verge of a potentially catastrophic debt default that could rupture the eurozone just 10 years after it joined the single currency.
Greece’s government faces an electorate opposed to austerity measures which must be passed in Parliament next week to avert default.
The Greek Cabinet has approved the severe austerity budget plan demanded by the EU and IMF as a condition for help taming its massive debt.
Greece’s government will approve its new austerity package on Wednesday after it survived a confidence vote.
Greek Prime Minister George Papandreou faces a confidence vote on Tuesday, a hurdle he must clear to win backing for a new round of spending cuts.
Europe’s plan for a new bailout of Greece may buy the country only several more months’ breathing space.
Thousands of Greeks marched on Parliament on Saturday in a show of public anger after Prime Minister George Papandreou reshuffled his Cabinet.
A restructuring of Greece’s €340-billion debt is not on the agenda and would damage the country’s credibility on bond markets.
Britain’s fierce resistance is being tested as governments argue over how to structure a second Greek rescue package.
Greeks raged against a wave of austerity on Wednesday after finance ministers failed to agree how to make private creditors contribute to a bailout.
Tens of thousands of protesters angry about the government’s austerity policies have demanded the heavily indebted country stop paying its creditors.
The banner flapped in the wind for almost a week, surviving the rigours of sun and sudden downpour.
If Athens reneges on its debts it will shatter the markets’ confidence in the eurozone project.
A year after the International Monetary Fund and the EU imposed their now infamous austerity memorandum on Greece, life here has changed radically.
Police clashed with protesters near the Greek Parliament on Wednesday as thousands demonstrated against a new wave of austerity cuts.
After years of debate, Greece has approved plans to build a Formula One track near the western port of Patras.
Hard-up Portugal has negotiated an international bailout worth €78-billion ($115-billion) over a three-year period, officials say.
A clay tablet over 3 000 years old that is considered Europe’s oldest readable text has been found in an ancient refuse pit in southern Greece.
Greece has launched a tirade against United States credit ratings agencies after Moody’s downgraded its debt grade further below junk status.
<b>Hannah Booth</b> has never been one for group trips, but the chance to swim between Greek islands was too tempting. It might even be a life-changer
Somali pirates captured a supertanker carrying an estimated $150-million worth of oil to the Gulf of Mexico.
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/ 27 December 2010
A parcel bomb was found at the Greek embassy in Rome on Monday, police said, just days after two explosive packages went off at two other embassies.
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/ 16 December 2010
Protesters clashed with police and set fire to cars and a hotel in Athens on Wednesday as tens of thousands marched against austerity measures.
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/ 16 November 2010
Dozens of far-right activists and local residents threw eggs and taunted Muslim immigrants as they gathered to pray in a central square for Eid.
SA policymakers would make the gravest of errors were they to underestimate the seriousness of the European debt crisis, says <b>Desmond Lachman</b>.
Two-time champions Argentina sealed top spot in Group B by beating Greece 2-0 while South Korea go to the last 16 as runners-up despite a 2-2 draw.
Diego Maradona is making seven changes to his starting lineup for Argentina’s match with Greece, but star Lionel Messi will play on Tuesday.
Greece came back from a goal down to beat Nigeria 2-1 in the World Cup on Thursday after the African team had to play with 10 men.