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Greek deputy finance minister resigns over debt deal

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Greek Deputy Finance Minister Nadia Valavani has resigned ahead of the key vote in the Greek parliament on a third bailout agreed between Prime Minister Alexis Tsipras and the country’s creditors. She described the deal as Greek agony. “Alexis, I am ready to serve in any capacity to the end during challenges. However, when our delegation returned with liabilities that are ‘stillborn measures’... 

Anti-auterity protesters occupy Greek Finance Ministry

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Greek anti-austerity activists have occupied the Finance Ministry building in the capital, Athens, in protest of new austerity measures dictated by international creditors. The protesters took down the European Union (EU) flag waving over the building and put up a banner with portrays of Prime Minister Alexis Tsipras alongside his predecessors, George Papandreou and Antonis Samaras, reading “We... 

ECB to start printing €1.1 trillion next Monday

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Following a governing council meeting of the European Central Bank it was announced that quantitative easing will begin in the eurozone from next Monday. In a desperate move to stimulate the euro, the currency used by 19 EU countries, the ECB will print money to buy €60bn worth of bonds each month. The bank has raised its eurozone economic growth forecast for this year from 1% to 1.5% but ECB President,... 

Russia might bailout Greece

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Russian Finance Minister Anton Siluanov. Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia. “Well, we can imagine any situation, so if such [a] petition is submitted to the Russian government, we will definitely consider... 

Le Pen hails Greek anti-austerity party victory

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The victory of Greece’s anti-austerity Syriza party is a monstrous democratic slap to the European Union, believes Marine Le Pen, leader of France’s far-right National Front party, adding that for her this success means “the trial of the euro-austerity.” “I welcome the monstrous Democratic slap the Greek people has given to the European Union,” Le Pen told France’s RTL radio. According... 

Spanish anti-austerity protesters, police clash

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An anti-austerity demonstration that drew tens of thousands of people from across Spain to central Madrid has turned violent, leaving 88 injured and 29 arrested as protesters clashed with security forces. On Saturday, some protesters sought to break through a police barrier and make their way toward the nearby headquarters of the ruling conservative Popular Party. Riot police then attacked the protesters,... 

Greece will need more rescue funds after 2014: EU official

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A woman holds the Greek flag during an anti-austerity protest, July 13, 2013. A European Union official says Greece will need more rescue funds from its international creditors as the current rescue loan program expires at the end of 2014, amid economic slump in the European country. “Greece’s trouble will not have been completely resolved by 2014. It’s realistic to assume that additional... 

Thousands of Slovenians hold anti-austerity protest in Ljubljana

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Demonstrators take part in an anti-government protest in Ljubljana, Slovenia on December 21, 2012. Thousands of Slovenians have taken to the streets in the capital Ljubljana to express their anger over new austerity measures imposed by the government. The demonstration, which was reportedly attended by more than 5,000 people, took place on Friday near the country’s parliament where protesters chanted... 

1000s stage anti-austerity demo in Portugal

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Thousands of people hold a demonstration outside the Portuguese parliament in the capital Lisbon on October 31, 2012. Thousands of people have gathered outside the Portuguese parliament in Lisbon to protest against the assembly’s approval of the government’s 2013 draft austerity budget. The demonstration was staged on Wednesday after the parliament approved the draft bill, which proposes substantial... 

Spanish workers march against cutbacks, labor reforms

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Spanish workers hold an anti-austerity march in Madrid, March 23, 2012. Spanish workers in the industrial sector have staged a demonstration in Madrid to protest against the government’s tough austerity measures amid mounting fears of the country’s economic meltdown. The demonstrators staged a march in the capital on Friday to demand an end to the government’s cutbacks and labor reforms,... 

Romania Anti-Austerity Protest Turns Violent

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Protesters waved Romanian flags with holes in them, symbolising the 1989 anti-communist revolution. Police officer seriously injured after resignation of Palestinian-born doctor over health reforms sparks mass protests. Romanian police have fired tear gas and clashed with protesters during an anti-government rally in the third consecutive day of demonstrations against austerity cuts and worsening... 

Millions of Italians set to go on general strike in Rome

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Students demonstrate and hold a placard reading 'We are making the wealth ourselves' during a general strike on May 6, 2011 in the capital Rome. Millions of Italians are set to go on a general strike in the capital Rome to protest fresh austerity measures adopted by Prime Minister Silvio Berlusconi’s government. The day-long strike will be held against a 45.5-billion-euro package of spending... 
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