Greece clears the way for bailout money after vote
ATHENS, Greece — The Greek Parliament voted narrowly early Monday to back a bitterly contested package of economic changes, clearing the way for the release of further funding considered crucial for a financial rescue, despite a last-minute attempt by the political opposition to postpone the vote.
Greek police raid occupied broadcasting station
ATHENS, Greece — Greek riot police officers raided the headquarters of the country’s former state broadcaster, ERT, on Thursday, forcibly removing dozens of staff members who had been occupying the building since June when authorities abruptly shut down the organization, citing wasteful spending.
Greek ex-minister convicted in bribery case
ATHENS, Greece — In a landmark verdict Monday, a former Greek defense minister and co-founder of the country’s once-mighty Socialist Party, Akis Tsochatzopoulos, was found guilty of setting up a complex money-laundering network to cover the trail of millions of dollars in bribes he is said to have pocketed from government weapons purchases.
Greek state broadcaster shut down, prompting worker strikes in protest
ATHENS, Greece - Thousands of Greeks walked off the job Thursday in the third general strike of the year, this time called by labor unions to protest a surprise decision by the conservative-led government to close the state broadcaster and put about 2,900 employees out of work.
Greek government proposes deep cuts to foreign lenders
ATHENS, Greece — Greece’s government submitted its 2013 draft budget Monday, outlining enormous spending cuts as the country’s foreign lenders returned to resume talks over a broader austerity package in exchange for the rescue money the country needs to meet expenses.
European officials see progress, but urge Greece to do more
ATHENS — Greece has made progress in raising much needed revenue, impressively overshooting its tax collection targets, but more needs to be done to ensure that money gets to the country’s languishing economy, the head of the European Commission’s task force on Greece said Thursday.
For the first time, Ireland admits it needs foreign bailout money
Irish officials acknowledged for the first time Thursday that Ireland was seeking aid from international lenders.
For the first time, Ireland admits it needs foreign bailout money
Irish officials acknowledged for the first time Thursday that Ireland was seeking aid from international lenders.