Greece

3:55pm

Wed February 15, 2012
Europe

Europe Wants Assurances For Latest Greek Bailout

In Athens on Tuesday, Greek pensioners marched in protest against new austerity cuts. The eurozone insists Greece must stick to hugely unpopular austerity measures agreed to in return for a 130 billion euro debt bailout.
Louisa Gouliamaki AFP/Getty Images

The European Union says Greece has made some progress, but not enough, to merit the new bailout it desperately needs to avoid default and keep the euro as its currency.

Greeks are increasingly bitter about the austerity measures the EU is imposing on them. And Greece's EU partners are losing trust that the Greeks will implement them.

Now, talk is growing about contingency planning if Greece fails to meet the bailout conditions and defaults.

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12:04pm

Wed February 15, 2012
The Two-Way

Dutch Finance Minister Says His 'Patience Has Run Up' With Greece

Dutch Finance Minister Jan Kees De Jager addresses the media prior to the start of the Eurogroup ministerial meeting at the European Council building in Brussels on Feb. 9.
Yves Logghe AP

NPR's Eric Westervelt scored an interview with Dutch Finance Minister Jan Kees de Jager. And Eric reports that he did not mince words.

The Netherlands and Germany, which have AAA credit ratings, hold great sway in whether Greece will receive a $170 million bailout from the European Union and the IMF. Without it, Greece would default on its debt and would almost certainly exit the monetary union. Eric asked Jager if Greece needed to do more beyond the tough set of austerity measures Parliament passed on Sunday and this is what Jager told him:

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2:00am

Wed February 15, 2012
Europe

Financial Crisis Takes A Toll On Greece's Aesthetics

The Greece debt crisis has forced the country to look to the eurozone for a bailout. But Greece is looking less and less like part of Europe. In the capital Athens, they are still cleaning up from the weekend riots. Even in its tourist precincts, the area is shabby and covered with graffiti.

6:11am

Mon February 13, 2012
The Two-Way

Greeks Clash With Police Over Latest Austerity Measures

It was the calm after the storm in Athens today after a night of riots sparked by a new round of painful austerity measures.

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4:11pm

Sun February 12, 2012
The Two-Way

Greek Parliament Approves Austerity Bill

The Associated Press is reporting that the Greek Parliament has approved a crucial austerity and debt-relief bill to keep the country out of bankruptcy and remain a part of the eurozone.

From the AP:

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