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It isn't geared to the requirements of the people of Greece but to the needs of the international financial markets, meaning the banks. How else can one explain the fact that around a quarter of the package won't even arrive in Athens but will flow...
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Monday that the EU and IMF take "permanent" control of government decision-making over revenues and public expenditure in Greece. As the eurozone meets on whether to approve a 230-billion-euro ($300 billion) financial lifeline for Greece, De Jager said:...
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ATHENS, GREECE - FEBRUARY 20: Tourists visit the Parthenon on the Acropolis on February 20, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's... View Photo »
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But plans confirmed by the government now envisage recapitalisation via common shares with restricted voting rights or convertible bonds that would leave the banks in private hands. The Athens General index - which shed more than 50 percent in four...
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Greek unions and leftist parties lead fresh anti-austerity protests on the eve of a meeting of eurozone finance ministers in Brussels called to approve a $170 billion loan package needed for Athens to avoid default. (LOUISA GOULIAMAKI/AFP/Getty Images)...
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Eurogroup on Monday kicked off talks aimed at agreeing the terms of a massive bailout for Greece, the second in almost two years. After months of acrimonious debate, the ministers began closed door talks at around 1500 GMT over a potential...
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ATHENS, GREECE - FEBRUARY 20: Restoration work takes place on the marble pillars of the Parthenon on the Acropolis on February 20, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater... View Photo »
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But a deal will be a relief for Greece, the euro zone and the markets: A hard default would almost certainly lead to Greece leaving the euro zone with unknowable but potentially catastrophic circumstances. The bailout depends on Athens successfully...
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Graffiti depicting a young girl reaching for stars on a wall in Athens, on Feb. 18, 2012. Photographer: Oli Scarff/Getty Images A European Union flag, left, and Greek national flag fly near the Parthenon temple on Acropolis hill in Athens. A European...
About Athens
Wikipedia
Athens (Greek: Αθήνα, Athína IPA: /a'θina/) is the capital and largest city of Greece and the birthplace of democracy. Named after goddess Athena, Athens is one of the oldest cities in the world with a recorded history of at least 3,000 years. Today, the Greek capital is a bustling and cosmopolitan metropolis with an urban population of 3.1... Full Article
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ATHENS, GREECE - FEBRUARY 18: Members of the public walk beneath a giant mural based on Albrecht Durer's 'Praying Hands' on February 18, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of...
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ATHENS, GREECE - FEBRUARY 18: A woman walks past graffiti depicting a young girl trying to reach stars from the EU flag on February 18, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of...
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ATHENS, GREECE - FEBRUARY 18: A sales assistant looks out from her shop on February 18, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts in order to approve the...
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ATHENS, GREECE - FEBRUARY 18: A man sits on his scooter as he waits on the street on February 18, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts in order to...
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ATHENS, GREECE - FEBRUARY 18: A man walks past graffiti featuring a woman clutching a bag of euros on February 18, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget...
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ATHENS, GREECE - FEBRUARY 17: The Parthenon is bathed in light from the setting sun on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts in order to...
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ATHENS, GREECE - FEBRUARY 18: A general view of the Acropolis Museum, which was co-financed by the Greek government and the European Union's Regional Development Fund, on February 18, 2012 in Athens, Greece. In 2004 the Olympics returned to Greece, the birthplace of the ancient and...
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ATHENS, GREECE - FEBRUARY 18: A woman walks past a derelict building and the Acropolis Museum (R), which was co-financed by the Greek government and the European Union's Regional Development Fund, on February 18, 2012 in Athens, Greece. In 2004 the Olympics returned to Greece, the...
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AP Photo
A worker hammers at a construction site of a new car parking area for a metro station as the ancient Acropolis hill is seen in the background in Athens, Monday, Feb. 20, 2012. Eurozone finance ministers are set to meet on Monday in Brussels where close to a euro 130 billion ($171...
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AP Photo
Pedestrians pass next to an hourglass graffiti as a shoe shiner is seen in the background in Athens, Monday, Feb. 20, 2012. Eurozone finance ministers are set to meet on Monday in Brussels where close to a euro 130 billion ($171 billion) bailout to help Greece avoid bankruptcy will be...
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ATHENS, GREECE - FEBRUARY 17: A woman sleeps on an underground train in the Acropolis Station on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts...
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ATHENS, GREECE - FEBRUARY 17: Members of the public use the underground train network on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts in order...
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ATHENS, GREECE - FEBRUARY 17: Graffiti adorns the wall of an open air car park in the Psiri district on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed...
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ATHENS, GREECE - FEBRUARY 17: Replica models of ancient Greek statues on display in a souvenir shop beneath the Acropolis on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of...
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ATHENS, GREECE - FEBRUARY 17: A stray dog, believed to be called 'Loukanikos', who is regularly seen at demonstrations, stands in front of a line of riot police on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling...
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ATHENS, GREECE - FEBRUARY 17: A woman looks out of the window in a high-rise building in the Psiri district on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's...
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ATHENS, GREECE - FEBRUARY 17: A woman leaves the Bank of Greece building on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts in order to approve...
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ATHENS, GREECE - FEBRUARY 17: A street trader sells assorted items in the Monastiraki district on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts...
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ATHENS, GREECE - FEBRUARY 17: Homeless people look through boxes of donated clothes at a drop-in shelter providing food and clothing in the Monastiraki district on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling...
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ATHENS, GREECE - FEBRUARY 17: Workmen remove a burnt-out computer server from a bank building which was targeted by protesters in last Sunday's riot on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater...
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ATHENS, GREECE - FEBRUARY 17: Building work continues on a project conducted in association with the EU on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed...
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ATHENS, GREECE - FEBRUARY 17: A demonstrator is detained by Greek riot police adjacent to the Parliament building on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's...
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ATHENS, GREECE - FEBRUARY 17: Two women have lunch in Omonia Square in front of a giant poster featuring the Greek flag on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of...
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ATHENS, GREECE - FEBRUARY 17: A Palestinian immigrant prepares to inject himself on a street on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget cuts...
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ATHENS, GREECE - FEBRUARY 17: A woman walks past a closed-down shop in the Monastiraki district on February 17, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of Greece's proposed budget...
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ATHENS, GREECE - FEBRUARY 18: Members of the public walk beneath a giant mural based on Albrecht Durer's 'Praying Hands' on February 18, 2012 in Athens, Greece. Following a meeting on Wednesday, finance ministers across the Eurozone are calling for greater scrutiny and oversight of...
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