euro
Athens Sees Worst Violence in Months as MPs Pass Austerity Plan
Greece's parliament has passed a controversial package of austerity measures, demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; £110bn) bailout to avoid default.
The vote was carried by 199 votes in favour, with 74 MPs voting against.
Coalition parties expelled over 40 deputies for failing to back the bill.
The vote came amid largescale violence in Greece, with protesters outside parliament throwing stones and petrol bombs, as the BBC's Mark Lowen explains.
Submitted by admin on Mon, 02/13/2012 - 3:53am
Berlusconi Signals He Will Step Down
Under pressure from markets and leaders across Europe, Italian Prime Minister Silvio Berlusconi made a conditional offer Tuesday to resign once his country's parliament agreed to austerity and reform measures demanded by its European Union partners. The move follows a dramatic worsening of the country's debt crisis.
Link:Read more...Submitted by admin on Thu, 11/10/2011 - 7:32amMerkel and Sarkozy Halt Payments to Athens
Chancellor Merkel and President Sarkozy had harsh words for Greece on Wednesday, warning: "We will not allow the euro to be destroyed." They have also halted bailout payments pending the approaching Greek referendum. The idea of Greece exiting the euro, it seems, is no longer a taboo.
Link:Read more...Submitted by admin on Fri, 11/04/2011 - 3:42amEurope's leaders battle to keep faith with euro as Greek bailout flounders
Europe's struggle to come good on pledges to rescue Greece from bankruptcy and save its single currency has descended into confusion amid political feuding and parliamentary setbacks across the eurozone.
Angela Merkel's coalition in Germany faced rows about whether Greece should be allowed to fail; a parliamentary committee in Austria delayed a vote to ratify plans for a stronger bailout fund; and Slovakia's Eurosceptic parliamentary speaker demanded that Greece be allowed to go bust, making clear that he would seek to undermine the plan hatched at a eurozone summit in July in Brussels.
Submitted by admin on Thu, 09/15/2011 - 5:06am
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