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.
Five Greek politicians, including the deputy foreign minister, resigned Friday over a crunch bailout agreement that the country needs to avoid bankruptcy. Greece’s future in the euro is now increasingly precarious and violence erupted in Athens.
The leader of the far-right party in Greece's coalition government said Friday he could not vote for the 130-billion euro bailout agreement the country needs to avoid going bankrupt. The bill could still pass without the LAOS party's support.
European finance ministers on Thursday demanded that Greece make further job and spending cuts to secure a €130 billion bailout. The ministers gave the country until the middle of next week to find a further €325 million in savings.
Greek political leaders on Thursday agreed on austerity measures necessary for a crucial 130 billion Euro bailout from the EU and IMF. The agreement between the coalition parties included alternative cuts to those rejected earlier in the day.
With EU and IMF officials piling the pressure on Greece to step up its austerity drive in return for a vital new bailout, elected officials in Athens are desperate to show they still have a say in how the country is run.
Crucial talks between Greek party leaders and European debt inspectors stalled again Thursday over the payment of supplementary pensions. Eurozone finance ministers will discuss the Greek bailout during a meeting later in the day.
