Politics
Greece
Parties Expel Rebel Deputies After Austerity Vote
The two Greek parties supporting the government of technocrat Prime Minister Lucas Papademos expelled more than 40 deputies on Monday for failing to back an austerity bill needed to avoid the country's chaotic default.
The conservative New Democracy party said...
Economy
Greek Lawmakers Vote Austerity as Athens Burns
ATHENS – While anarchists warred on the streets with riot police and 40 fires lit up banks, cinemas, and businesses, the Greek Parliament approved more austerity measures designed to keep bringing in international aid to keep the debt-choked country...
Economy
Greek Parliament Passes Austerity Bill
Amid a growing public backlash, the Greek Parliament voted Sunday to approve a package of austerity reforms, marking a key step toward securing a second bailout for the debt-riddled nation.
Lawmakers voted 199-74 in favor of the cutbacks, despite strong...
Economy
Athens in Flames: Historic Cinemas, Cafes, Shops and Banks On Fire
Historic cinemas, cafes, shops and banks went up in flames in central Athens on Sunday as black-masked protesters fought Greek police outside parliament, while inside lawmakers looked set to defy the public rage by endorsing a new EU/IMF austerity...
Economy
Clashes Outside Greek Parliament Ahead of Austerity Vote
As thousands of demonstrators clashed with police outside on Sunday, Greece's parliament debated painful austerity measures the country must take in exchange for a multi-billion euro bailout and debt restructuring program.
The loan-for-austerity package that will be voted on at...
Economy
Papademos Tells Greeks: Austerity or Chaos
ATHENS – With Greece on the brink of default unless it approves new austerity measures that could deepen a recession now in its fifth year, interim Prime Minister Lucas Papademos told lawmakers, including a growing number of rebels who...
Economy
Cabinet Approves Debt Deal After PM Warns of 'Chaos'
The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was "catastrophe".
All eyes...
Economy
Papademos Says He Will Remove Dissenters Because Default Would Bring Misery
ATHENS – Facing a growing mutiny in his shaky coalition government against austerity measures demanded by international lenders in return for a second bailout to keep Greece from going bankrupt, interim Prime Minister Lucas Papademos has told any dissenters...
Greece
Greek Pirate Party Enters Greek Political Life
"The Pirate Party, which campaigns for open access to technology and Internet freedom, has established a political presence in Greece", as Bloomberg reports.
Based on the model of the Swedish Pirate Party, it supports reform of copyright law, the abolition...
Economy
Greece Must Decide: In or Out of the Eurozone
ATHENS – With international lenders continuing to withhold aid until the Greek Parliament ratifies austerity measures agreed on by the country’s shaky coalition government, Finance Minister Evangelos Venizelos said the country now has to decide whether it wants to...
Greece
Greek Ministers Resign
Ministers from a far-right party in Greece's coalition government have offered their resignation to Prime Minister Lucas Papademos, the Athens News Agency said on Friday.
It is now up to Papademos to decide whether he will accept them, ANA said,...
Economy
Wolfgang Schaeuble Told MPs Greek Plan Short of Target
German Finance Minister Wolfgang Schaeuble told conservative lawmakers on Friday that existing Greek reform pledges would not bring its debt down to levels that are considered sustainable, sources who attended the meeting said.
"Schaeuble said the current plans would leave...
Economy
Samaras on Bailout Deal: Elections Are Now Imperative
New Democracy party leader Antonis Samaras emphasised on Thursday evening that "the country never had a greater need for elections than it has today."
Speaking during a nationally televised address, Samaras noted that "we struggled to avert a worse recession...
Economy
Greek Pensions Saved But Minimum Wage, Health and Defense Hit Hard
ATHENS - After divisive talks, Greece’s coalition government has agreed on a plan to make more deep spending cuts to stave off default, but the deal means although pensioners could be spared, the country’s already-wracked health care system will...
Economy
Euro Ministers Cautious on Greek Bailout Deal
The chairman of the meeting of eurozone finance ministers says Greece has to identify an extra €325 million in savings for 2012 in order meet the terms of a much-needed bailout.
Jean-Claude Juncker said Thursday the Greek parliament will also...