Far-right political party Golden Dawn is set to enter the Greek Parliament for the first time after yesterday’s elections. Exit polls in Sunday’s election show the nationalist organization has won about 7% of the vote – well above the required three-per-cent threshold. ­This is the first time in nearly 40 years that a far-right party is projected to enter Greece’s parliament. “A new... 

The euro has dropped in value following the electoral defeat of ruling parties in France and Greece. The euro has dropped in value following the electoral defeat of ruling parties in France and Greece as new anxiety about the fate of EU austerity policies rattles financial markets. The currency sank to 1.29 dollars on Monday, its lowest level since January, after Socialist Francois Hollande beat President... 

May Day demonstrators protest in Paris, France, May 1, 2012 Tens of thousands of Europeans have held huge rallies and coordinated general strikes for May Day to protest against tough austerity measures and poor economic conditions. Workers across the world have taken to the streets to mark the International Workers Day, the annual May Day workers’ event held on May 1 – with demonstrators... 

Angela Merkel (left) and Francois Hollande (right) German Chancellor Angela Merkel and French Socialist Party presidential candidate Francois Hollande have had a war of words over how to handle the European debt crisis. It is “not for Germany to decide for the rest of Europe”, Hollande, who is the favorite in France’s May 6 run-off election, said on Friday, The Daily Telegraph reported. He... 

Protesters scuffle with police during a rally at central Syntagma square in Athens on April 5, 2012. Greek police have clashed with demonstrators in Athens for a second day after a senior pensioner committed suicide over economic hardship. On Thursday, riot police attacked protesters with teargas and flash grenades on Athens’ main Syntagma Square where hundreds of demonstrators had gathered to protest... 

Taking part in "Noble Dina" US-Israel-Greek drill Russian Foreign Minister Sergey Lavrov issued a strong warning against a military attack on Iran Monday, April 2, saying that a pre-emptive strike would violate international law. His comments, made during a visit to Armenia, stopped short of threatening (the US and/or Israel) of consequences. But they backed up and were in tune with the explicit... 

US Secretary of State Hillary Clinton The United States says it has exempted 11 nations including 10 European Union members and Japan from tough new sanctions on Iran as they have reduced oil purchase from Tehran. US Secretary of State Hillary Clinton said in a statement on Tuesday that the exemption covers financial institutions from 11 nations – Belgium, Britain, the Czech Republic, France,... 

Thousands of Czech university students rally in central Prague on February 29, 2012. Massive demonstrations across Europe have taken issue with the austerity measures adopted by the European governments against economic adversity. The protests were held on Wednesday in the Czech Republic, France, Greece, Belgium, and Spain against government economic reforms aimed at dealing with the unprecedented... 

A self-made euro sign is attached to the tip of a christmas tree in front of the European Central Bank (ECB) in Frankfurt am Main, western Germany. European Commission has predicted that the eurozone currency bloc faces a deeper recession than previously anticipated, with a 0.3 percent contraction in its GDP now tipped for 2012. The commission previous forecast in November said the economic output... 

Here in Argentina, when we watch the terrible things that are happening today in Greece, we can only exclaim, “Hey!! That’s exactly what happened in Argentina in 2001 and 2002…!” ­A decade ago, Argentina too went through a systemic Sovereign Public Debt collapse resulting in social turmoil, worker hardship, rioting and street fights with the police. Some months before Argentina exploded,... 

Eurozone finance ministers talk while attending a Eurogroup meeting at the European Union council headquarters, Brussels, February 20, 2012. Eurozone finance ministers have agreed to provide Greece with a new bailout package to help the heavily indebted country stabilize its debt-to-GDP ratio and avert looming bankruptcy. The long-awaited package worth 130 billion euros was sealed in Brussels on Tuesday... 

Iran says it will cut oil exports to more EU countries if they continue their hostile policies. After halting oil flow to Britain and France, Iran threatens to stop oil sales to other European Union member states if the EU continues its hostile policies. Iran’s Deputy Oil Minister Ahmad Qalebani on Monday hinted at the possibility of a halt in oil exports to Spain, the Netherlands, Greece, Germany,... 

Insolvency is threatening heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland and Spain. Official figures show the rate of unemployment in the eurozone reached an all-time high of 10.3 percent in November 2011. According to the Eurostat statistics agency, by November more than 16.3 million people were unemployed in the 17 nations that use the euro as their currency. Eurostat figures... 

A picture showing protests against the government austerity measures in Greece. Tens of thousands of Europeans are migrating from their homelands, many heading to the southern hemisphere, as the continent sinks deeper into financial crisis. While official statistics shows that Portugal, Greece and Ireland had the largest stream of immigrants leaving their country’s this year, evidence points... 

On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some...