Greece Bailout, Austerity | featured news

Greeks vote for more economic pain

Greece

Over the course of five days, the Greek government -- led by the understated conservative Prime Minister Antonis Samaras -- overcame two high hurdles in a dash to qualify for the austerity program set out by the so-called troika, made up of the European Central Bank, the International Monetary Fund and the European Commission.

 

Greece, creditors inch toward austerity agreement

Greece Bailout

Greece is inching towards an agreement with its international debt inspectors as they struggle to hammer out the details of (EURO)13.5 billion ($17.5 billion) in austerity measures for the next two years, a package essential for Greece to receive the next installment of its vital bailout funds.

 

Poll shows Greece electing pro-bailout government

Greek Voters

Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro.

 

Greece secures deal to lower debt, avoid default

Greece Bailout

Greece has successfully pushed through a deal to lower its debt burden and avoid defaulting on its outstanding bonds in the near future.

 

Eurozone approves new $173B bailout for Greece

Greece Bailout

Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including 130 billion euros or $173 billion in new financing.

 

A Greek’s only hot-seller: tear gas masks

Shock was a common sentiment in the heart of Athens this week. Athinas Street, the colorful shopping mile in the Greek capital, is known for its lively fish and meat markets, where spice salesmen mix with traditional shoemakers and sidewalks are packed with commodities for sale.

Senh: Great read on how one merchant is dealing the Greek bailout. It's just bad.

 

Greek Political Leaders Commit to Austerity Deal

Antonis Samaras

The letters aim to satisfy one of the key demands set by Greece's international lenders, but other issues remained unresolved.

 

Some say Greek debt deal will make things worse

Latest austerity cuts approved as 100,000 take to the streets in protest; 93 buildings damaged in Athens.

 

Greece Cabinet OK's austerity plan

Greece

Greece's Cabinet approved austerity measures demanded in return for a new eurozone bailout of the debt-stricken country Saturday, a day ahead of a crucial vote in Parliament.

 

Breakthrough on Austerity Clears Way for Greek Deal

George Papandreou

After days of talks, Greek political leaders reached a deal Thursday to support a package of harsh austerity measures demanded by Greece’s financial backers in return for a bailout.

 

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