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Greece urged to give up euro

The Sunday Times 05/30/2010
Nightmare vision for Europe as EU chief warns 'democracy could disappear' in Greece, Spain and Portugal

Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.

Greece urged to give up euro

THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.

Greek strikers march on parliament against cuts

Renee Maltezou and Ingrid Melander Reuters 05/20/2010
Flood of frogs shuts down Greek highway

Greek officials say a horde of frogs has forced the closure of a key northern highway for two hours.

Greek strikers march on parliament against cuts

Thousands of striking Greeks marched peacefully to parliament on Thursday in a protest against government austerity measures that was much smaller than a huge rally that led to rioting on May 5.

Greece Considering Legal Action Against U.S. Banks for Crisis

Timothy R. Homan Bloomberg.com 05/16/2010
Greece Considering Legal Action Against U.S. Banks for Crisis

Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said.

Greek workers call one-day strike May 20

Greek workers on Wednesday called a 24-hour general strike for May 20, the latest in a series of protests against planned pension cuts linked to an international 110-billion-euro ($139.7 billion) bailout for Greece.

Europe Crisis Deepens as Chaos Grips Greece

SEBASTIAN MOFFETT And ALKMAN GRANITSAS The Wall Street Journal 05/06/2010

Greece Cut to Junk at S&P as Contagion Spreads

Emma Ross-Thomas and Andrew Davis Bloomberg.com 04/28/2010
Europe Crisis Deepens as Chaos Grips Greece

Greece's fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies.

Greece Cut to Junk at S&P as Contagion Spreads

Greece’s credit rating was cut three steps to junk by Standard and Poor’s, the first time a euro member has lost its investment grade since the currency’s 1999 debut. The euro weakened and stock markets throughout the region plunged.

Most Greeks disapprove of EU/IMF aid deal - poll

Angeliki Koutantou Reuters 04/26/2010
Most Greeks disapprove of EU/IMF aid deal - poll

A majority of Greeks disapprove of their government's decision to ask for financial aid from the European Union and the International Monetary Fund, the first opinion poll taken since the request showed on Tuesday.

German MPs: Greece should sell islands to avoid bankruptcy

Two German congressmen suggested on Thursday that Greece should raise money from selling some of its uninhabited islands in order to avoid bankruptcy.


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