Greece

6:35am

Tue May 15, 2012

2:15pm

Mon May 14, 2012
Europe

Europe's Austerity Plans Face Growing Backlash

Originally published on Mon May 14, 2012 9:45 pm

Spanish protesters gathered in Madrid on Saturday as the country's economic problems continued to worsen. The country's banking system is seen as particularly vulnerable.
Pedro Armestre AFP/Getty Images

A political crisis in Greece and economic woes in Spain are again raising concern about the future of the eurozone.

In Athens today, Greek politicians tried again and failed to form a coalition government, though talks are ongoing. There is growing fear that Greece will not be able to remain in the currency union and avoid defaulting on its debts.

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3:15pm

Sun May 13, 2012
Economy

EU's Financial Crisis Doesn't End At Nations' Borders

Originally published on Sun May 13, 2012 9:11 pm

Demonstrators shout slogans during a protest to mark the anniversary of the "Indignados" movement in Madrid, Spain on Sunday. Tens of thousands of Spaniards took to the streets to protest the handling of the country's worst crisis in decades.
Alberto Di Lolli AP

In the streets and public squares across Spain on Saturday night, the cries of a mass movement calling itself the Indignados rang out, railing against austerity measures imposed by the European Union.

In Greece the next morning, Alexis Tsipras, the head of a far-left opposition party, held a news conference to say he wouldn't join a coalition government that continued the path of austerity.

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5:52am

Sat May 12, 2012

1:43pm

Fri May 11, 2012
The Two-Way

In Greece, Third Bid For Coalition Government Fails

Originally published on Fri May 11, 2012 2:12 pm

Greece's radical leftist party Syriza chief Alexis Tsipras (L) shakes hands with Socialists leader Evangelos Venizelos before their meeting at the Greek parliament in Athens on Friday. Venizelos admitted that he had failed in a last-ditch bid to form a government after Syriza key leftist party ruled out joining a pro-austerity coalition.
Louisa Gouliamaki AFP/Getty Images

Evangelos Venizelos was the third politician mandated by the Greek president to form a coalition government.

Today, reports the BBC, after meeting with the leaders of different parties, Venizelos emerged empty-handed.

"I am going to inform the president of the republic tomorrow and I hope that, during the meeting with Carolos Papoulias, each party will assume its responsibilities," Venizelos told the BBC.

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