Greece and the EU

Latest business news about Greece and the European Union.

Greece at risk of leaving euro: Luxembourg — 14 February 2012, 01:57 CET

Luxembourg's finance minister said Monday that if Greece cannot implement its reform promises, the eurozone group will have to go on without the country.

Athens smoulders after blazing protests over austerity — 13 February 2012, 21:37 CET

A landmark Athens cinema lay in smouldering ruins Monday as stunned Greeks contemplated the aftermath of widespread rioting that saw the destruction of dozens of buildings.

Greek austerity vote wins praise amid flames — 13 February 2012, 21:45 CET

Greece took a key first step towards averting bankruptcy and securing a second bailout Monday after lawmakers approved radical budget cuts despite street battles in pre-election Athens.

Athens smoulders after blazing protests over austerity — 13 February 2012, 19:06 CET

A landmark Athens cinema lay in smouldering ruins Monday as stunned Greeks contemplated the aftermath of widespread rioting that saw the destruction of dozens of buildings.

Germany hails Greek vote, calls for action — 13 February 2012, 19:06 CET

Top German politicians led by Chancellor Angela Merkel on Monday hailed the vote in Greece's parliament agreeing tough austerity moves but insisted the reforms agreed must now be put into action.

Greek parties must now sign off on reforms: spokesman — 13 February 2012, 19:05 CET

Heads of Greek political parties have two days to back tough reforms in writing if they want to obtain crucial European Union aid, Greek government spokesman Pantelis Kapsis said Monday.

Austerity feeding public discontent in Europe — 13 February 2012, 15:18 CET

Scenes of burning buildings and street battles in Athens offer a violent reflection of growing weariness among Europeans at the austerity-first philosophy sweeping Europe.

Athens smoulders after blazing protests over austerity — 13 February 2012, 15:18 CET

One of Athens' landmark cinemas lay in smouldering ruins Monday as stunned Greeks contemplated the aftermath of widespread rioting that saw the destruction of dozens of buildings.

Greek vote on rescue cuts wins EU, German praise — 13 February 2012, 14:37 CET

Greece took a big step towards a second bailout to avert bankruptcy on Monday after lawmakers approved radical budget cuts despite street battles, with the EU and Germany praising the vote.

Germany 'expressly welcomes' Greek austerity vote — 13 February 2012, 15:17 CET

Germany on Monday hailed the vote in the Greek parliament agreeing harsh austerity moves, saying it showed the will in Athens to take difficult decisions to get Greece on track.

Greece took step towards new bailout: EU's Rehn — 13 February 2012, 13:07 CET

EU economic affairs chief Olli Rehn said on Monday that Greece had taken a step towards a new bailout and voiced confidence Athens will take the extra measures demanded by foreign lenders.

Greek vote a big step but debt crisis lives on: analysts — 13 February 2012, 13:07 CET

A deal to save Greece from default, boosted by a vote in Athens agreeing more austerity, marks a turning point in the debt crisis, but the outcome is far from clear, analysts warn.

Germany 'expressly welcomes' Greek austerity vote: Berlin — 13 February 2012, 12:27 CET

Germany on Monday hailed the vote in the Greek parliament agreeing harsh austerity moves, saying it showed the will in Athens to take difficult decisions to get Greece on track.

Greece debt vote gets guarded market welcome — 13 February 2012, 13:10 CET

Greece has finally passed the radical budget cuts needed to secure fresh aid but it is the best of a bad job and much depends on how the measures are implemented, financial analysts said Monday.

Athens smoulders after blazing protests over austerity — 13 February 2012, 11:37 CET

Neo-classical buildings and shopfronts in the Greek capital bore the smouldering scars Monday of the flames and fury that erupted during street protests against tough new budget cuts.

Berlin vows to maintain pressure on Greece after vote — 13 February 2012, 11:34 CET

Germany's economy minister on Monday warned against euphoria in the wake of Greece's approval of key austerity measures, and defended the pressure that both Berlin and Brussels have exerted on Athens.

Greece backs austerity measures, Athens counts cost — 13 February 2012, 11:34 CET

Global markets rose on Monday after Greek lawmakers approved radical budget cuts to secure fresh aid and avoid bankruptcy after a day of street battles left dozens injured and buildings ablaze.

Greece backs austerity measures as Athens burns — 13 February 2012, 09:43 CET

Greek lawmakers approved a new round of drastic austerity measures late Sunday after a long day of street battles between police and protesters left dozens injured and Athens buildings ablaze.

Greek conservative leader speaks for austerity plan — 13 February 2012, 00:09 CET

Conservative leader Antonio Samaras appealed to Greek deputies to back a fresh austerity plan aimed at staving off bankruptcy, as police battled protestors on the streets of the capital Sunday.

Ex-PM Papandreou says bailout Greece's only hope — 13 February 2012, 00:09 CET

Greece's former prime minister George Papandreou urged lawmakers to approve an austerity plan requested by foreign creditors Sunday, describing it as the country's only hope of avoiding default.

Greek police fire tear gas as 100,000 protest austerity plan — 12 February 2012, 22:10 CET

Greek police on Sunday fired tear gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had massed in a rally against austerity plans being debated by lawmakers.

Greek protesters, police clash as MPs debate austerity plan — 12 February 2012, 22:12 CET

Greek police battled protestors in the capital Athens Sunday as burning buildings and tear gas set a tense backdrop for a parliamentary vote on a new austerity plan aimed at staving off bankruptcy.

Greek urged to pick lesser of two evils in crucial debt vote — 12 February 2012, 20:27 CET

Greece's future hung in the balance on Sunday as MPs debated new austerity measures to avoid default, with the finance minister urging lawmakers to pick the lesser of two evils.

Greece eyes debt restructure with private lenders by Feb 17 — 12 February 2012, 16:22 CET

Greece needs to restructure its debt through a bond swap with its private creditors by February 17 or face bankruptcy, Finance Minister Evangelos Venizelos said Sunday.

Greek parliament debates key austerity package — 12 February 2012, 14:17 CET

Greece's future hung in the balance on Sunday as parliament opened debate on new austerity measures to avoid default after the prime minister warned the nation was approaching "Ground Zero."