Eurozone

Budget Battles

  • Why the Greek Bailout Won’t Work in the Long Run

    By Patrick Smith

    For the second time in a little over 3 years, Athens is burning. In December of 2008, police shot and killed a teenage student, igniting an explosive reaction by young people throughout the country...

  • Greece Approves Austerity Bill Amidst Riots

    By HARRY PAPACHRISTOU and Yannis Behrakis, Reuters

    Greece's parliament approved a deeply unpopular austerity bill Monday to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread...

  • Greeks Strike Over Cuts

    By INGRID MELANDER and TATIANA FRAGOU, Reuters

    Greek workers went on strike against austerity measures on Friday, docking ships and halting public transport, hours after euro zone finance ministers said Athens needed to make more cuts to convince...

  • Greeks Strike Bailout Deal

    By GEORGE GEORGIOPOULOS and RENEE MALTEZOU, Reuters

    Greek leaders clinched a long-stalled deal on reforms and austerity measures needed to secure a bailout and avoid a messy default, government sources said, hours before the country's financial...

  • EU Leaders Losing Patience with Greece

    By RENEE MALTEZOU and LEFTERIS PAPADIMAS, Reuters

    Greek parties will try on Wednesday to agree to a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live...