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Greek PM warns austerity needed to avert 'catastrophe' by EUbusiness — last modified 11 February 2012, 23:34 CET

Greek Prime Minister Lucas Papademos on Saturday urged parliament to pass painful austerity measures demanded by creditors, warning of "economic and social catastrophe" if it doesn't.

Protests in Greece after cabinet ok's debt deal by EUbusiness — last modified 11 February 2012, 23:33 CET

Thousands of protestors massed in Greece under heavy police watch Saturday after the government approved unpopular budget cuts to get vital rescue funds and avoid the "chaos" of a default.

EU pressures India over Iran nuclear programme by EUbusiness — last modified 10 February 2012, 15:16 CET

The EU on Friday pushed India to use its influence to get Iran to resume talks over its disputed nuclear drive, a day after New Delhi said it wanted to boost trade with the Islamic republic.

Greeks strike in defiance of EU ultimatum on debt by EUbusiness — last modified 10 February 2012, 13:10 CET

Greece was hit by a new barrage of strikes and protests on Friday against draconian budget cuts in defiance of a eurozone ultimatum for even tougher conditions for a debt rescue.

Eurozone gives Greece ultimatum for new bailout by EUbusiness — last modified 10 February 2012, 10:49 CET

Eurozone finance ministers put off a decision Thursday on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three conditions in return for 130 billion euros in aid.

Eurozone stalls Greek cash aid despite austerity deal by EUbusiness — last modified 09 February 2012, 22:51 CET

Sceptical eurozone finance ministers refused Thursday to release a second bailout for Greece, despite a last-minute deal in Athens on austerity measures demanded by creditors.

Greeks agree on austerity, unions call general strike by EUbusiness — last modified 09 February 2012, 17:04 CET

Greek leaders cobbled together a last minute deal on austerity cuts on Thursday, clearing the way for the eurozone to decide on a bailout package as unions called a new strike against the terms.

Greek debt deal falters, unions call general strike by EUbusiness — last modified 09 February 2012, 13:51 CET

A debt rescue for Greece hit a last-minute snag over pension cuts on Thursday while eurozone ministers waited to decide on a package averting default and unions called a strike against the terms.

Greek austerity talks stalled ahead of key eurozone meet by EUbusiness — last modified 09 February 2012, 09:16 CET

Greek leaders Thursday fell short of striking a deal on austerity cuts, even as their finance minister headed to Brussels Thursday for crucial eurozone talks on a new bailout to avert a debt default.

Greek leaders in final talks on austerity and rescue by EUbusiness — last modified 08 February 2012, 21:35 CET

Greek Prime Minister Lucas Papademos was locked in talks Wednesday with coalition leaders to secure approval for radical budget cuts and a debt deal to avert default.

Greece faces hour of decision on austerity and rescue by EUbusiness — last modified 08 February 2012, 14:43 CET

Greece kept the eurozone and financial markets on edge on Wednesday in the final hours of talks on radical extra budget cuts and a debt deal to avert default.

Airline industry split widens over EU carbon 'tax' row by EUbusiness — last modified 07 February 2012, 23:49 CET

A split widened within the aviation industry Tuesday over EU charges for carbon emissions, as Europe's low-cost carriers accused Chinese and US rivals of "gunboat" diplomacy against the system.

Barroso: 'We want Greece in the euro' by EUbusiness — last modified 07 February 2012, 15:02 CET

European Commission president Jose Manuel Barroso insisted Tuesday that Greece will remain in the eurozone after one of his deputies suggested the eurozone would survive a Greek exit.

EU 'not backing down' on airline emissions in Chinese row by EUbusiness — last modified 07 February 2012, 12:29 CET

The European Commission said Monday it will stand by a new law that imposes charges on airline carbon emissions after China banned its carriers from paying for such permits.

China bans airlines from paying EU carbon charges by EUbusiness — last modified 06 February 2012, 16:43 CET

China said Monday it has banned its airlines from complying with an EU scheme to impose charges on carbon emissions opposed by more than two dozen countries including India, Russia and the United States.

Greece forces overtime in critical debt talks by EUbusiness — last modified 05 February 2012, 22:57 CET

Greece on Sunday insisted on extending critical talks on a debt rescue into Monday, as the government's coalition backers denounced pressure from public creditors to pass harsher austerity measures.

Greek leaders in emergency meeting for debt deal by EUbusiness — last modified 05 February 2012, 20:53 CET

Greek Prime Minister Lucas Papademos held an emergency meeting with political allies on Sunday after hours of "superhuman" negotiations with EU-IMF bailout auditors failed to produce a rescue deal.

Judgement day for Greek default rescue by EUbusiness — last modified 05 February 2012, 14:51 CET

Greek PM Lucas Papademos summoned political allies to an emergency meeting on Sunday after hours of "superhuman" negotiations with EU-IMF bailout auditors failed to produce a rescue deal.

Russia's Gazprom says unable to pump extra gas to Europe by EUbusiness — last modified 04 February 2012, 22:42 CET

Gazprom said on Saturday it could not pump additional gas to Western Europe amid a cold snap, after EU officials and energy firms said the Russian giant's deliveries had dropped in several states.

EU says gas supplies are down despite Gazprom claims by EUbusiness — last modified 03 February 2012, 18:38 CET

The European Commission said Friday that Russian gas deliveries have fallen in nine countries, with Gazprom invoking flexibility clauses as it also braves a cold snap.