With a week to go before Independence Day, as Greek interior minister Nikos Voutsis ruled during today’s Parliamentary bunfight, the new Poverty Relief Bill “doesn’t violate the agreement” signed with the Eurogroup, and so it will pass into Law. But both Channel 4’s Paul Mason Greek site News 247 declare that Declan Costello specifically confirmed this evening that the Bill(s) vetoed were... 

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,... 

The euro has dived to its lowest level against the dollar in 11.5 years after the European Central Bank (ECB) announced a new stimulus program. On Friday, the euro dropped to USD 1.0963 in currency trade markets, marking the lowest level since September 2003. The record low came a day after a meeting by the ECB governing board in the Cyprus capital Nicosia, during which the central bank announced... 

The German government insists it wants Greece to stay in the eurozone and isn’t drafting any contingency plans in case of ‘Grexit’. This shows Germany is adamant about keeping Greece under the domination of the ‘troika’, journalist Ernst Wolff told RT. “The goal of the German government, the European Union and even the government in Athens itself is to keep Greece in the euro zone,”... 

A view of the Greek parliament in session. Parliament in Greece has been dissolved after Prime Minister Antonis Samaras requested the dissolution of the legislature following its failure to choose a new president after three successive rounds of voting. A statement from the parliament said an early election in the austerity-weary country would be held on January 25, as Samaras announced on Monday,... 

France’s Labor Ministry has announced that the unemployment rate in the country has hit a new high in November. According to official statistics released on Wednesday, 3.488 million people claimed jobless benefits last month, with figures showing an increase of 27,400 people joining job-seekers ranks compared to October. The new numbers for the end of November also indicated a 0.8-percent rise over... 

A fresh opinion poll shows more British people now demand that the UK abandon its membership in the European Union. According to the French Opinion Way, the British appeared most certain of all that they want to leave the union, with only 37% against breaking ties. The poll showed that 42 percent of British respondents want to leave the EU, while 21 percent are not sure of the answer. Now Paolo Raffone,... 

Italian demonstrators protest at government’s austerity measures in Rome. Workers in Italy have staged a nationwide strike to protest against the government’s economic policies including cuts to public services and labor reforms. On Friday, the USB union called the 24-hour walkout that so far has disrupted train services and local transport in several cities across the country including the... 

A modern autorack in Germany. Germany’s exports have marked their biggest fall since the global financial crisis reached its peak in 2009, raising fears that Europe’s largest economy might slide into recession. Germany’s Federal Statistical Office said Thursday that exports slumped by 5.8 percent for the month of August. Moreover, imports dropped by 1.3 percent in seasonally adjusted terms, the... 

Italian police have used tear gas and water cannon to disperse thousands of anti-austerity protesters in Naples, where the European Central Bank (ECB) was holding a monthly policy meeting. An estimated 4,000 anti-austerity demonstrators took to the streets of Naples on Thursday, carrying placards with caricatures of German Chancellor Angela Merkel amid tight security in the whereabouts of the ECB... 

A conference to discuss the status of poverty in the European Union has been held in the Belgian capital Brussels, Press TV reports. The conference gathered over 700 politicians, academics and rights campaigners to discuss the EU’s ongoing economic crisis focusing on unemployment and social exclusion. EU governments, institutions and structures were criticized during the conference over their failure... 

A recent study has shown that less than one out of two working-age Italians held a job last year, amid a decade-long employment crisis, Press TV reports. The study conducted by Bruno Trentin Association, linked to the Italian General Confederation of Labour (CGIL), found that Italy’s employment rate stood at almost 49 percent in 2013. The report also found that even though the country’s unemployment... 

Graffiti is painted on walls and the entrance of an electric station of Public Power Corporation (PPC) in Athens, July 2, 2014. Greece faces massive power cuts as unions have threatened to disrupt the country’s power supply in row over government plans to break up the country’s main electricity provider. Workers of Greece’s Public Power Corporation (PPC) said they would go on strike on... 

Demonstrators hold a banner that reads “No to the austerity, yes to the social Europe” during a rally in Paris on September 30, 2012. Thousands of civil servants in France have held a one-day strike over pay and work conditions. The demonstrators marched in several cities on Thursday to protest against the government’s planned spending cuts. The strike came after the government last month... 

Italy’s enormous public debt continues to grow at an unrelenting pace. The Bank of Italy announced on Monday that the country’s debt hit a record 2.1072 trillion euros in February, over 17 billion euros up compared to January. Within the 18-nation eurozone, only Greece had accumulated a higher overall debt mountain. Italy’s 2014 budget has been criticized by the European Commission...