ATHENS (Reuters) – Greece’s parliament approved a deeply unpopular austerity bill Monday to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country. Cinemas, cafes, shops and banks were set ablaze in central Athens and black-masked protesters fought riot police outside parliament before lawmakers voted on the package that demands deep pay, pension and job cuts — the price of a 130 billion euro ($172 billion) bailout needed to keep the country afloat. …

Quoted from Greek lawmakers pass austerity bill as Athens burns on Yahoo! News – Latest News & Headlines

The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been Greece prepares for another night of violence as thousands take to the streets again to voice their anger of the country’s austerity measures The June 2012 legislative election was held in Greece on Sunday, 17 June, to elect all 300 members to the Hellenic Parliament in accordance with the Wires - CNBC 13 Mins Ago *Announces 3 bln euro share buyback late on Tuesday. HERZOGENAURACH, Germany, March 14- Shares of German sportswear firm Adidas soared on Tags: wires, cnbc, Get the latest international news and world events from Asia, Europe, the Middle East, and more. See world news photos and videos at , : , ynet, 28 2011; AP, : A clear majority of in the parliament voted for the tax hikes that are hoped will boost revenues by €2.5bn (£2.1bn) in 2013 and 2014

Leave a Reply