Wed, Jun 19 2013
Greece's president Karolos Papoulias, right, is briefed by finance minister Evangelos Venizelos at his office in Athens, February 15 2012.
ECB temporarily suspends Greek bonds’ eligibility for use as collateral in Eurosystem monetary policy operations. Standard and Poor's has classified Greek debt as in ‘selective default’ while Moody's says the risk of Greece defaulting on its loans ‘remains high’.
Even as officials struggle to keep Greece's economic woes from spreading to other nations, the battle over the latest bailout is taking a psychological toll. In Greece, and across Europe, these economic worries are turning to gloom.
Analysts think leaving Greece out of the eurozone may be a better solution than austerity measures
The upcoming EU summit on March 1 and 2 must address growth, members of the European Parliament said.
The announcement was made a day after rioters torched the centre of Athens and parliament adopted a new round of controversial austerity measures.
Even if the funds come through, there are concerns Greece ultimately may leave the eurozone, possibly prompting other economically troubled members to follow.
Protests in Athens, Thessaloniki and other cities. More than 40 MPs expelled from two major parties for not supporting the vote. PM calls for calm, saying austerity package will set foundations for reform and recovery of the economy.
Clashes broke out in Athens on February 10, as Greeks went on strike for a second time this week against tough new austerity measures.
World leaders acknowledged Putin's victory with reservations, and international observers say the election was skewed in the former president's favour.
Hollande's call for more spending and economic growth has struck a chord with French voters.
Gallup International Association poll gives president Sarkisian’s party 44 per cent, while three main challengers alleged ‘machinations’ by ruling party in what – in contrast to 2008 – reportedly was a largely peaceful election.
The Freedom House report says the media environment in the Middle East and North Africa underwent major improvements in 2011, but remained the worst-performing part of the world.
Dissatisfaction with jobs is a global phenomenon and two-thirds of workers all over the world intend to look for another job in the near future, the survey concluded.