Greece

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Protesters Storm Greek Conference, Throw Coffee

They were angry over presence of German officials

(Newser) - Dozens of anti-austerity protesters broke into a conference center in northern Greece and clashed with police today to demonstrate against the presence of a German government official. The protesting municipal workers pushed and threw coffee on a German consul in Thessaloniki, Wolfgang Hoelsche-Obermaier, who arrived to attend a conference of...

Greek Parliament OKs Austerity Budget

But Europe still hasn't settled on aid package

(Newser) - Following the tight passage of an austerity package last week, Greece's parliament has approved a 2013 austerity budget. The budget, part of a plan to receive further foreign financing, passed by a margin of 167 to 128, the New York Times reports. It cuts salaries, pensions, and benefits by...

Austerity Ekes Out Victory in Greece

Eurozone decision follows huge protests

(Newser) - In a 153 to 128 vote, Greek's three-party coalition government barely passed some $22 billion worth of new austerity measures in an effort to remain in the eurozone. Eighteen MPs voted "present" on the plan, with another abstaining. The vote on the measures, which include pension cuts and...

Greeks Launch 48-Hour Strike Over New Cuts

Parliament votes tomorrow on bailout-linked austerity measures

(Newser) - Greeks today launched a 48-hour general strike in protest of new spending cuts, with an estimated 2 million people—from lawyers to hospital employees—taking part. The union-organized strike has shut down banks, schools, and public transportation as Parliament prepares vote on the cuts tomorrow. It must support the austerity...

Eurozone Unemployment Hits Record 11.6%

Greece and Spain see the worst of it

(Newser) - Unemployment in the 17-country eurozone hit a record high of 11.6% in September, official figures showed today, a sign the economy is deteriorating as governments struggle to get a grip on their three-year debt crisis. The rate reported by Eurostat, the EU's statistics office, was up from an...

Visit the Island Where People 'Forget to Die'

Health tips from the fabled Greek isle of Ikaria

(Newser) - Stricken by cancer and given six months to live, a Greek man living in America moved back to his native island of Ikaria—where the cancer mysteriously disappeared. The tale became folklore on Ikaria, where stories of good health date back 25 centuries. Now a study has confirmed what the...

Hookers Sponsor Greek Soccer Team

Brothels fork over bucks made playing the field

(Newser) - When an amateur Greek soccer team was hard up for cash, they turned to the world's oldest profession for help. Now members of the Voukefalas club wear hot pink practice jerseys reading "Villa Erotica," one of two brothels the team recruited as sponsors amid drastic sports budget...

Greek Cops Accused of Abusing Protesters

Riot police used woman as human shield, witnesses say

(Newser) - Greek authorities are probing allegations that police officers—some with links to the far-right Golden Dawn party—have been abusing protesters, the Guardian reports. During the protests that greeted Angela Merkel earlier this week, witnesses reported seeing a handcuffed young woman being used as a "human shield" by riot...

Greek Police Clash With Protesters as Merkel Visits

Athens swarming with 7K police as unions decry German chancellor

(Newser) - Angela Merkel is not a popular person in Greece. That's why, as she arrived in Athens today, the city had deployed roughly 7,000 police officers and even rooftop snipers in anticipation of potential protests—and unions did not disappoint, defying bans on protesting put in place for much...

Euro Zone Launches Bailout Fund ... Just in Case

Spain says it doesn't need it yet

(Newser) - The Euro zone officially launched its 500 billion euro bailout fund today, but finance ministers said that its first intended beneficiary, Spain, didn't need help just now after all. "Spain needs no aid program," German Finance Minister Wolfgang Schaeuble told reporters. "Spain is doing everything necessary,...

Greece Reaches 'Basic Agreement' on Austerity

Decision follows yesterday's giant protests

(Newser) - The heads of the three parties in Greece's governing coalition have reached a "basic agreement" on an austerity package for 2013-2014, the country's finance minister says. The cuts are essential if Greece is to continue receiving funds from international emergency loans. The meeting between Prime Minister Antonis...

Protesters, Cops Clash as Greek Protests Turn Ugly

Marchers are angry over austerity cuts

(Newser) - Between 50,000 and 70,000 raging Greeks took to the streets today, trading gas bombs and chunks of concrete with police tear gas and pepper spray as demonstrations amid a 24-hour nationwide strike turned violent, reports the AP . Demonstrators marched on the nation's parliament to protest austerity measures...

Eurozone Wants Greeks to Work 6 Days a Week

Demand likely to draw yet more resistance to austerity measures

(Newser) - If Greece's eurozone creditors have their way, a lot of people may be coming in to work on Sundays. In a leaked letter sent to Athens last week, the European Commission, European Central Bank, and IMF demanded that Greece "increase flexibility of work schedules" by allowing employers in...

'Economic Suicides' Soaring in Europe

Tragic suicide notes grip public

(Newser) - Tough times are taking a heavy toll on the mental health of Europeans. The last few years have seen thousands of what media outlets have labeled "economic suicides" among unemployed or fearful workers in Greece, Italy, Ireland, and elsewhere, finds the Washington Post . Researchers have found that other signs...

Greece Caves, Agrees to Full Austerity

Under creditor threats, Athens to find $1.8B more in cuts

(Newser) - Greece blinked today: In a showdown with creditors, the crisis-wracked country agreed to find the final $1.85 billion needed to reach the $14.2 billion in cuts required to get desperately needed aid money in September, reports Reuters . Greece had been asking for more time, but fed-up German and...

German Credit Rating Downgraded to Negative

Move may indicate threat to Germany's AAA rating

(Newser) - Germany, the Netherlands, and Luxembourg may have strong credit ratings, but that didn't stop Moody's from downgrading all three to "negative" yesterday, as the never-ending euro crisis continues to deepen, reports Reuters . The rating agency specifically warned about yesterday's threat by Germany to kick Greece out...

Report: IMF, Germany Ready to Pull Plug on Greece

Rising bond rates show Spain also heading deeper into crisis

(Newser) - The International Monetary Fund could be ready to cut off fresh funds to Greece, a step that would likely lead to default and getting bounced from the eurozone, reports der Spiegel . The big problem is that Greece has fallen so far behind in its austerity promises—made to secure $158....

Anti-Immigrant Violence Surges in Greece

Police accused of looking the other way as Golden Dawn attacks

(Newser) - Violence against legal and illegal immigrants has surged to "alarming proportions" as Greece suffers through one of the world's worst economic contractions since the Great Depression, the New York Times finds. The far-right Golden Dawn party made huge gains in the country's recent elections, and its supporters,...

Manufacturing Orders Slump in Asia, Plunge in Europe

Leading indicator reveals Western economies may be worse than thought

(Newser) - Purchasing Managers' Index reports from Asia and Europe—a critical economic indicator—showed big drops in June, in a strong sign that the economies of Europe and the US could be weaker than thought, the Guardian . Despite European leaders agreeing on a bank bailout scheme last week, Europe's PMI...

Greek Gunmen Drive Van Into Microsoft HQ

Latest in series of attacks on symbols of power in Greece

(Newser) - If idle hands are the devil's hands, Greece is finding out the hard way: Gunmen this morning stormed Microsoft's Athens headquarters, ramming the building with a gasoline-laden van before setting fire to it. The attack injured no one, but heavily damaged the building's first floor and shut...

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