A meeting with eurozone countries finance chiefs to discuss Greece’s second multibillion-dollar bailout was cancelled at the last minute Tuesday, after Athens failed to deliver on several demands made by its partners in the currency union.
Defiant ethnic Serbs in northern Kosovo on Tuesday held a referendum on whether to recognise the authority of the Albanian-dominated government in Pristina. Though non-binding, the vote may hinder Serbia’s attempt to join the European Union.
Premier Wen Jiabao said Tuesday that China was ready to help its biggest trade partner tackle a regional debt crisis in order to "maintain stability and prosperity" in Europe as Chinese and EU leaders met Tuesday in Beijing.
Moody's slashed the debt ratings of Italy, Spain and Portugal as well as Slovenia, Slovakia and Malta on Monday. France, Britain and Austria were warned that they were at increasing risk of downgrades due to the eurozone debt crisis.
Following a meeting with President Thein Sein on Monday, EU Development Commissioner Andris Piebalgs announced an increase in aid to Burma and said sanctions could be eased in light of recent reforms.
Greece continues to be under pressure from the EU despite lawmakers Sunday approving another tough round of austerity measures. An estimated 100,000 people protested the move outside the Greek parliament in Athens.
An estimated 80,000 people protested outside the Greek parliament building Sunday in Athens, where lawmakers were voting on whether to pass another round of tough austerity measures. Approval would secure the country 130 billion euros in aid.
Thousands of protesters were expected to surround Greece's parliament on Sunday as it makes a "historic" decision on whether to pass another round of tough austerity measures. Approval would secure the country 130 billion euros in aid.
Greek Prime Minister Lucas Papademos (pictured) said in a televised address Saturday that the parliament faced an "historic responsibility" Sunday in voting on austerity measures crucial for a 130 bn EUR bailout from the IMF and the EU.
Greece's coalition government has submitted draft legislation for austerity measures to parliament, with Prime Minister Lucas Papademos (pictured) vowing to push the package through despite the resignation of six cabinet members.
