Violence erupted in the heart of Athens as mass protests against further austerity measures in crisis-hit Greece escalated on Wednesday.
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(Reuters) – Greek unemployment hit a record high in the first quarter of 2012, data showed on Thursday, days before the country votes again on whether to back the harsh austerity needed to appease international lenders or risk a chaotic exit from the eurozone.
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Eurozone officials did not recommend member countries prepare for Greece’s possible departure from the single currency, the Greek government has insisted.
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LONDON — London’s leading share index slumped on Monday as markets across Europe were hit by mounting fears over the eurozone and a potential exit of Greece from the currency bloc.
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Greek political leaders have resumed talks on appointing a new PM and interim coalition government after George Papandreou agreed to stand down.
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Greek Prime Minister George Papandreou is set to resign following emergency meetings over the euro bailout referendum, reports suggest.
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