BRUSSELS (AFP) – German Chancellor Angela Merkel on Thursday demanded ahead of a EU summit that Greece seek rescue finance from the International Monetary Fund (IMF). The euro currency slid to a 10 month low against the dollar in the hours before European leaders started the summit dominated by frenzied efforts to save Greece from [...]
Greece announces a controversial package of tax rises and spending cuts to save 4.8bn euros and ease its budget crisis. Read More Greece backs new austerity plan
Hundreds of thousands of Greeks are on strike to protest at the imposition of austerity measures to save the economy. Read More Massive strike paralyses Greece
EU leaders say they are ready to shore up Greece’s finances and ensure eurozone stability – but there is no specific aid pledge. Read More EU ready to help Greece on debts