Politics
Economy
EU Says It’s Not Ready to Help Greece Yet
ATHENS - Despite new austerity measures rammed through the Parliament in the wake of riots that left parts of downtown Athens burning, European Union leaders said they aren’t convinced that Greece is serious about reform and won’t release a...
Economy
Olli Rehn: Greek Vote 'Crucial Step' to Winning Second Bailout
The vote by Greece΄s parliament late Sunday in favor of additional austerity measures was a "crucial step" toward winning a second bailout program from its European partners and the International Monetary Fund, European economics affairs Commissioner Olli Rehn said...
Economy
New Austerity Cuts Bring Fire and Looting to Athens
Fire, rage and looting were widespread all around downtown Athens on Sunday evening, while the Greek Parliament was voting on a new package of austerity measures that will further plague the people of the country with drastic cuts in...
Greece
Merkel΄s Spokesman: Germany Welcomes Greek Vote
German Chancellor Angela Merkel’s government welcomed the decision of the Greek parliament to vote in favor of further austerity measures, according to Bloomberg.
“These decisions show the will and the readiness of the Greeks to undertake major efforts of their...
Australia
Australian Government Changes “Slav-Macedonian” Directive to “Macedonian”
The Australian government has decided to change its directive concerning the Australian-Skopje community being recognized under the name “Macedonian” instead of “Slav-Macedonian”, used since 1994.
The decision was formally announced by AMHRCA (Australian Macedonian Human Rights Committee) on its website,...
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...