Italian Premier Mario Monti on Saturday proposed a special European summit to confront growing populism in the face of the continent’s financial crisis. “We are in a dangerous phase,” Monti said on the sidelines of the Ambrosetti Forum on Lake Como after meeting with European Union Council President Herman van Rompuy. He said a divisive … Continue reading
Greece is trying to raise cash by reviving an ambitious program to privatize state assets. The country’s lenders, which include the European Union and the International Monetary Fund, hope the sell-off will cut the country’s enormous debt. But Antonis Tsifis, who runs a betting shop in a working-class neighborhood in Athens, is upset that the … Continue reading
FINANCE Minister Michael Noonan says he is willing to overrule civil servants in his department and release a letter from the ECB which forced Ireland into a bailout. Mr Noonan was speaking in Limerick this morning, and said it “would be appropriate” for him to publish the letter, despite his department previously refusing to release it under … Continue reading
by Vanessa Thorpe On a jetty alongside the town beach a loud phone call disturbs the peace of a handful of Spetses residents lying in the sun before taking their daily swim – one free pleasure that is still available to all. A rich weekender from Athens booms ostentatiously into his mobile, directing a man … Continue reading
by BEN CHU The Greek begging bowl is being brandished, once again, in European capitals. The leader of the country’s coalition government, Antonis Samaras, wants Athens to be given more time to fulfil the conditions of its IMF/EU bailout. Under the agreement’s present terms, Athens is required to reduce its budget deficit, which stood at 9.3 … Continue reading
BELGRADE (Reuters) – Serbia’s Socialist-led government stepped up control over the central bank in the struggling ex-Yugoslav republic on Saturday, ignoring IMF criticism and a warning that the move would hurt its bid to join the European Union. Parliament adopted amendments to the law on the National Bank of Serbia, as the government seeks to … Continue reading
Prostitutes have been rounded up and jailed as new cases soar by CHARLOTTE MCDONALD-GIBSON The women glare into the camera, their humiliated, pale faces smeared with make-up and tears. Glazed eyes stare out under lurid headlines warning of “the nightmare of Aids” with “infected prostitutes” posing a “death trap for hundreds of people”.
By RACHEL DONADIO and SUZANNE DALEY ATHENS — Only a month after Greece installed a new government, the country is facing renewed peril. Its official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government is seeking more leniency on the terms of its multibillion-euro bailout.
By DEMETRIS NELLAS ATHENS, Greece — Triple jumper Voula Papachristou was kicked off Greece’s Olympic team Wednesday for her comments on Twitter mocking African immigrants and expressing support for a far-right political party. The Hellenic Olympic Committee said Papachristou is “placed outside the Olympic team for statements contrary to the values and ideas of the … Continue reading
German Economy Minister Philipp Rösler has been accused of being reckless and unprofessional after saying he is skeptical that Greece’s reform efforts will succeed and that a Greek exit from the euro had “lost its horrors.” But some senior members in Germany’s ruling coalition agree with him. German Economics Minister Philipp Rösler, the leader of … Continue reading