Greek cabinet members are discussing how best to implement a series of budget cuts and other austerity measures that have already sparked rioting in the streets. The officials gathered Saturday in Athens, facing several difficult choices. The austeri...
ATHENS, Feb. 18 (Xinhua) -- The Greek cabinet approved on Saturday evening a final supplementary austerity package to secure further international financing next week to avoid bankruptcy in March. During the euro group meeting on Monday the discussio...
Thousands of Greeks have taken to the streets of Athens to protest severe austerity measures as eurozone ministers prepare to vote on a new $171 billion bailout for the debt-crippled nation. As the demonstrators marched, Greek Prime Minister Lucas Pa...
Greek leaders are issuing new pleas - and warnings - ahead of a crucial vote that will determine whether Europe comes to the rescue with another bailout loan. Socialist Pasok party leader George Papandreou and New Democracy Party leader Antonis Samar...
Greek police clashed Tuesday with some of the thousands of striking workers in Athens protesting the latest austerity measures the government is seeking to impose to meet the demands of the country's international creditors. Some demonstrators charge...
NEW YORK, Jan. 27 (Xinhua) -- The U.S. stocks closed mixed on Friday as U.S. economic growth in the last quarter last year missed the expectation, while the near-conclusion Greek debt talks inject optimism. The Dow Jones industrial average lost 74.17...
Greek Prime Minister Lucas Papademos says his country faces an uncontrolled default unless worker unions and employers can agree on wage cuts to boost Greece's economic competitiveness. The interim Greek leader met with labor leaders and business rep...
The newly-elected leaders of Italy and Greece are facing crucial tests as they try to help pull the eurozone back from the brink of economic disaster. Italian Prime Minister-designate Mario Monti is set to present his new government Wednesday before...
Europe is continuing to struggle with its financial crisis, which is threatening to result in a prolonged period of slow or negative growth and more economic fallout for the rest of the world. Just as Greece appears close to resolving its domestic po...
A Greek opposition leader has called on Prime Minister George Papandreou to resign and repeated a call for early elections, ahead of a confidence vote expected in parliament on Friday. Antonis Samaras made the demand Thursday during a parliamentary m...
