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

EU creates $1 trillion package to save euro
Posted on 10 May 2010 by International & Foreign Law Community Staff

BRUSSELS - (APINTL) The European Union put up a staggering $1 trillion Monday to contain its spreading government debt crisis and keep it from tearing the euro currency apart and derailing the global economic recovery. Analysts said the huge sum supplied... Read More

Spain downgraded as Europe debt crisis widens
Posted on 29 Apr 2010 by International & Foreign Law Community Staff

BERLIN- (APINTL) Europe's debt crisis has spread its contagion to another country as a major agency downgraded Spain's credit rating, even as Germany grudgingly moved closer to bailing out Greece from imminent collapse. Greece and Portugal... 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

German lawmakers approve euro rescue package
Posted on 21 May 2010 by International & Foreign Law Community Staff

BERLIN - (AP) German lawmakers on Friday approved their country's share of the massive rescue deal to save the euro and contain the debt crisis, as EU finance ministers gathered in Brussels to create new budget rules to win back financial markets'... Read More

Debt crisis will strengthen Europe, French PM says
Posted on 16 Jul 2010 by International & Foreign Law Community Staff

TOKYO - (AP) France's prime minister said Friday that Europe is united in tackling the Greek debt crisis and will emerge stronger than ever, as he sought to calm the fears of an important Asian trading partner. Speaking to business leaders in Tokyo... 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

Debt crisis pushes Europe toward economic reforms
Posted on 2 Jul 2010 by International & Foreign Law Community Staff

MADRID - (AP) In the ashes of Europe's debt crisis, some see the seeds of long-term hope. That's because the threat of bankruptcy is forcing governments to implement reforms that economists argue are necessary to help Europe prosper in a globalized... Read More

EU lays out tighter rules to stem debt crisis
Posted on 13 May 2010 by International & Foreign Law Community Staff

BRUSSELS - (AP) European Union officials urged a crackdown on widespread government overspending, calling Wednesday for much closer economic coordination between EU nations to curb the acute debt crisis that has threatened to sink their shared currency... 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

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

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