International Law

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EU, IMF team in Athens to review deficit progress
Posted on 14 Jun 2010 by International & Foreign Law Community Staff

ATHENS Greece - (APINTL) A delegation from the International Monetary Fund and the European Union arrived in Athens Monday for an interim review of Greece's efforts to pull itself out of a major debt crisis that pushed it to the brink of default.... Read More

Europe debt crisis spreads to Portugal
Posted on 28 Apr 2010 by International & Foreign Law Community Staff

ATHENS - (APINTL) Greece was pushed to the brink of a financial abyss and started dragging another eurozone country Portugal down with it, fueling fears of a continent-wide debt meltdown. Stocks around the world tanked after ratings agency Standard... Read More

Greece to appoint new head of statistics office
Posted on 4 Jun 2010 by International & Foreign Law Community Staff

ATHENS Greece - (APINTL) Greece will appoint a new head to its statistics agency in the coming weeks, the finance minister said Thursday, as part of efforts to restore the country's credibility that was tarnished by repeated fudging of financial data... Read More

Greeks and the state: an uncomfortable couple
Posted on 3 May 2010 by International & Foreign Law Community Staff

ATHENS - (AP) A pony-tailed Greek on a motorcycle pulled up onto the sidewalk, hunting for a better parking spot, and an elderly tourist with a crutch shuffled out of the way. The good-natured driver explained his illegal maneuver with a smile. One... Read More

Aid plan for Greece worth $145 billion
Posted on 3 May 2010 by International & Foreign Law Community Staff

BRUSSELS - (APINTL) Finance ministers from the 16 countries that use the euro agreed Sunday to rescue Greece with euro110 billion in loans over three years to keep it from defaulting on its debts. The loan package with the International Monetary Fund... Read More

As cuts bite, Greece battles dissent
Posted on 9 Jul 2010 by International & Foreign Law Community Staff

ATHENS Greece - (APINTL) The Greek government is battling growing discontent over a new round of economic austerity, with fresh strikes, public hostility, and party dissent testing the nation's ability to make it out of its debt crisis. Unions... Read More

Greece downgraded as debt crisis worsens
Posted on 27 Apr 2010 by International & Foreign Law Community Staff

ATHENS - (APINTL) Europe's government debt crisis worsened ominously Tuesday when Greek bonds were downgraded to junk status and Portugal's debt was lowered on fears the trouble could spread. Stocks slid on the news. German reluctance to fund... Read More

EU calls for tougher budget rules
Posted on 14 Apr 2010 by International & Foreign Law Community Staff

BRUSSELS - (APINTL) The European Union's budget rules will to be sharpened to try and prevent countries from following Greece's flagrant flouting of debt and deficit limits, the EU's top economy official said Wednesday. Greece's massive... Read More

EU president: Greece will get aid in time
Posted on 29 Apr 2010 by International & Foreign Law Community Staff

TOKYO - (AP) The European Union's president said Wednesday he is fully confident that debt-laden Greece will receive the financial assistance it needs in time to address its debt problems and to preserve eurozone stability. Negotiations on a euro... Read More

Greece asks for EU-IMF bailout
Posted on 23 Apr 2010 by International & Foreign Law Community Staff

ATHENS Greece - (APINTL) Greek Prime Minister George Papandreou called for the activation of a joint eurozone-International Monetary Fund financial rescue to pull his country out of a major debt crisis. Papandreou, saying market pressure threatened... Read More

EU tries to calm market fears over debt crisis
Posted on 5 May 2010 by International & Foreign Law Community Staff

BRUSSELS - (APINTL) The European Commission on Wednesday tried to calm fears that Greece's debt crisis is spreading to other European countries, insisting Greece is a "unique case." Presenting a small upward revision to this year's... Read More

General strike hits indebted Greece over new cuts
Posted on 5 May 2010 by International & Foreign Law Community Staff

ATHENS, Greece - (AP) Flights to and from Greece were grounded, trains and ferries suspended their routes and public services were paralyzed Wednesday as angry Greek workers went on strike to protest harsh new spending cuts aimed at saving their country... Read More

Police use tear gas against Greek protestors
Posted on 5 May 2010 by International & Foreign Law Community Staff

ATHENS, Greece - (AP) Protestors tried to storm Greece's parliament and hurled paving stones at police, who responded with tear gas Wednesday as tens of thousands of outraged Greeks took to the streets to protest harsh new spending cuts aimed at saving... Read More

Strikers disrupt ferries in main Greek port
Posted on 25 Jun 2010 by International & Foreign Law Community Staff

ATHENS Greece - (APINTL) Glum tourists sat on suitcases in Greece's main port of Piraeus as yet another strike against austerity measures prevented them from boarding ferries to dream Aegean island vacations at the start of the nation's lucrative... Read More

Euro zone summit to try to douse debt crisis
Posted on 7 May 2010 by International & Foreign Law Community Staff

BRUSSELS - (APINTL) With shares plummeting from China to the United States on fears that Greece's debt disaster could undermine a global recovery, European leaders gather Friday for another try at calming panicky markets skeptical of their pronouncements... Read More