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Amid reports that Greece’s defence minister has sacked his defence chiefs, premier Papandreou fights to hold his government together over a referendum pledge on the latest eurozone bailout.
Government figures show that Greece is on course to miss the budget deficit targets set by the EU and the IMF for 2011 and 2012.
Overnight there were signs of more splits with Brussels, Frankfurt and within Germany’s coalition, as concern mounted for the unthinkable: that these supposed multi-trillion bailouts could lose Germany it’s gold standard credit rating.
Share prices increase as a 3tr euro package is proposed to save the single currency from collapse. Channel 4 News Economics Editor Faisal Islam reports from Greece.
A crisis-ridden Greece faces another drama next week as it prepares to vote on the detested property tax. blogs Channel 4 News Economics Editor Faisal Editor.
An emergency summit reaches a deal on a new bailout package for struggling Greece, rallying the markets and bringing the eurozone back from the economic brink.
With thousands of protesters packing the square outside the parliament building in Athens, Greek MPs pass a five-year austerity plan by 155 votes to 138.
Police have responded with tear gas after demonstrators in Athens threw stones and bottles in protest against the terms of the latest Greek bailout.
Ahead of a confidence vote in Greece’s government, which is battling to save the country’s economy, a leading economist tells Channel 4 News a Greek debt default is “almost inevitable”.
Greece is given two weeks to approve stricter austerity measures which would ensure that it receives a further 12bn euros in bailout money from the eurozone and the IMF.
The Greek Prime Minister has appealed for his country to get behind an austerity package. It comes as Eurozone finance ministers meet to agree the latest bailout money for Greece.
As the leaders of Germany and France call for a new bailout for Greece, we examine the available options – from financial support and austerity measures to the nuclear option of a debt default.
The Greek Prime Minister offers to quit and make way for a national unity Government after protesters clash with police over austerity measures, as Jonathan Rugman reports.
The war on drugs has failed, according to a report by a group of politicians, former presidents and dignitaries, who are now calling for some drugs to be legalised.
Libya’s acting Foreign Minister Abdel Ati al-Obeidi tells the Greek prime minister that Colonel Gaddafi is ‘seeking an end to fighting’ and wants a solution to the crisis