- Submitted by admin on Mon, 02/13/2012 - 3:53am
Greece's parliament has passed a controversial package of austerity measures, demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; Â£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 Sat, 01/28/2012 - 7:16am
In a pre-emptive strike on the European Union, Iran is set to immediately halt exports to the region in advance of the oil embargo imposed on it, der Spiegel reports.
The European Union sanctions on Iranian oil, announced earlier this week, will only come into effect on July 1, in an attempt to give countries time to look for alternate sources.
- Submitted by admin on Fri, 11/04/2011 - 3:42am
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.
- Submitted by admin on Sat, 10/22/2011 - 10:42am
In the streets of Greece, arguably the biggest protest in years is now descending into violence. People are venting their anger against a new package of austerity measures the country is likley to adopt as soon as Thursday.
- Submitted by admin on Thu, 09/15/2011 - 5:06am
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.
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