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European Leaders Call for Tighter Fiscal Control
Key European leaders are calling for much tighter central control of spending by the 17 countries that use the euro in the latest effort...
Greek Exit from Eurozone Could Undermine the ECB
With growing fears that Greece could be forced out of the Eurozone if voters on June 17 elect parties opposed to the bailout deals...
ECB President: Possible EU Exit for Greece
Mario Draghi, President of the ECB (European Central Bank), urged Greece to remain a member of the 17 member eurozone countries. He actually admitted...
FT: ECB Talks Publicly of Possible Greek Exit
According to Financial Times, Eurozone central bankers have talked publicly for the first time of managing a possible Greek exit from Europe’s monetary union,...
Coalition Hopes Fade, New Elections Seem Likely
ATHENS – With Europe and world markets watching anxiously, Greece’s hopes of forming a coalition government were deadlocked in debate over whether to stick...
Francois Hollande: “If I Am Elected, I Will Relieve Greek People’s Burden”
French presidential race leader Francois Hollande promises support to debt-ridden Greece. The likely future French President made clear that he will put pressure on...
Papandreou Defends Respect for Commitments
Ahead of the Euro Group meeting and the likely concession of the 6th 8-billion euro aid tranche to Greece, former socialist Premier George Papandreou...
General Strike in Greece Set for Dec. 1
The new coalition government led by interim Prime Minister Lucas Papademos is not getting a reprieve from Greek workers, who will take to the streets on Dec. 1 to keep up their protest against austerity [...]
New Greek PM Completes First Series of European Visits
Greek PM Lucas Papademos met with Eurogroup head Jean-Claude Juncker in Luxembourg Tuesday and ECB President Mario Draghi right afterwards in Frankfurt, ending a...
Greek Deal Must be a One Off: Trichet
The outgoing head of the European Central Bank, Jean Claude Trichet, has warned that there should be no repeat of last week's deal to...