A summit of the G8 leading industrialized nations has ended in compromise with leaders striving to balance European austerity - an approach long driven by German Chancellor Angela Merkel - with a dose of US-style stimulus seen as vital to healing ailing eurozone economies. Before the summit, US P...
Preparing for rainy days ahead, Greeks have withdrawn 700 million euro from local banks in just one day, after it became clear on Monday that new elections in the country are inevitable. RT talks to economist Alberto Mingardi. Subscribe to RT! www.youtube.com Watch RT LIVE on our website rt.com L...
Breaking news on the Greece financial crisis! Check out this video too - www.youtube.com Greek Prime Minister Lucas Papademos told members of his government they must back deeper budget cuts needed to prevent financial collapse or quit, as political dissension threatened to unwind the country's s...
Greece is edging even close to the Euro exit door - after the latest talks to form a government failed. There'll be more on Tuesday, but markets have already been dropped in reaction, while other EU nations are scrambling contingency plans. The second-largest party in Greece is the latest to refu...
Last week was a truly hectic one for the EU, with violent anti-austerity demos and political deadlock again casting doubts over the future of the euro. In Spain, as many as hundreds of thousands marched in nationwide protest. They chanted slogans and waved banners demanding an end to cuts and pai...
Violent austerity protests have erupted in the Italian city of Naples, after enraged demonstrators attempted to storm a local tax office. Protesters threw paint and rocks at police, who then charged crowds and beat them with batons. The demonstration began after the tax office refused to shut dow...
Greece starts another day without government after wrangling politicians continue to fail to agree a coalition after last Sunday's elections. The leader of the second-largest party has refused to join any administration which pledges to stick to the country's bailout agreement with the EU and IMF...
Costos Lapavitsas: The growing strength of the left shows the Greek people are getting ready to leave the Eurozone More news stories at therealnews.com
A Greek journalist came under fire from angry protesters while on-air on Friday night after hosting a show featuring a spokesman for the far-right political organisations Golden Dawn the previous week. According to local reports, protesters broke into the TV studio, hurling eggs and yoghurt at ne...
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Greek politicians have failed to form a government and will now head towards holding a new election. Polls show the vote could favour the country's leftists who want to renege on the terms of bailout agreed on by the government earlier in the year. This will see the country push closer towards an...
All attempts to form a coalition have so far failed in Greece, as far left leader Alexis Tsipras rejected proposals by the pro-bailout parties. This comes after Sunday's parliamentary elections in which no party managed to secure an overall majority. Without the deal Greece will be forced to hold...
Thousands of members of the Greek Communist Party gathered in Athens to voice their opposition to the intense negotiations currently underway to install a pro-bailout government in Greece.
Greek leaders have been struggling to form a new coalition for the past eight days, but with little success. A failure to form a government would mean Greeks would have to vote again in less than two months. Opinion polls show the anti-austerity Radical Left party, known as Syriza, leading the po...
In other news Wednesday, Greece appointed an interim government as it struggled to escape a deepening political crisis. The country faces new elections on June 17. Also, former Liberian President Charles Taylor offered no apologies at a UN tribunal for fomenting civil war in neighboring Sierra Le...
