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

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 takes Greece to court over shipyard aid
Posted on 14 Apr 2010 by International & Foreign Law Community Staff

BRUSSELS - (APINTL) The European Commission said Wednesday it would take Greece to court to force Hellenic Shipyards to repay the Greek government some euro230 million plus interest in illegal subsidies. EU regulators say Greece broke state aid rules... Read More

Greece receives EU part of bailout loan
Posted on 18 May 2010 by International & Foreign Law Community Staff

ATHENS, Greece - (AP) Greece received (EURO)14.5 billion in bailout loans from 10 other European Union countries Tuesday, the finance ministry said, just a day before a crucial debt refinancing deadline that threatened the country with default. The... Read More

EU president: Greek aid package talks 'on track'
Posted on 28 Apr 2010 by International & Foreign Law Community Staff

TOKYO - (AP) European Union President Herman Van Rompuy said Wednesday that negotiations on the activation of a rescue package for debt-burdened Greece are "well on track" and he plans to hold a summit around May 10 for eurozone leaders. ... Read More

Greek debt crisis worsens as EU revises figures
Posted on 22 Apr 2010 by International & Foreign Law Community Staff

ATHENS Greece - (APINTL) Markets pushed Greece closer to an expensive bailout after the EU raised its estimate of the country's budget deficit Thursday and a top agency downgraded Greece's credit rating. The twin moves caused the heavily indebted... Read More