Europe News

  • Greek minister: Europe can't afford to let Athens go under

    Europe will lose a trillion euros if it allows Greece to go under, the country's finance minister said on Saturday, accusing creditors of 'terrorizing' Greeks into accepting austerity in a referendum on bailout terms. After a week in which Greece defaulted, closed its banks and began rationing…

    Reuters15 mins ago
  • Australia solidarity rallies ahead of Greek bailout vote

    Hundreds of people rallied in Australia on Saturday in solidarity with Greece, mainly in Melbourne which has a large Greek community, ahead of the make-or-break weekend referendum on austerity measures. Prime Minister Alexis Tsipras has called on Greeks to vote 'No' on the referendum, which asks…

    AFP38 mins ago
  • German finance minister says Greeks to decide whether to keep euro

    German Finance Minister Wolfgang Schaeuble said in a newspaper interview Greeks would decide on Sunday whether to keep the euro or do without it, at least for a while, but that the country remained part of the common currency. "Greece is a member of the euro zone. "Even if it came to a collapse…

    Reuters51 mins ago
  • Finance minister Varoufakis says action toward Greece is 'terrorism'

    Greek Finance Minister Yanis Varoufakis said European action toward the country was "terrorism" in an interview with Spanish newspaper El Mundo and said a trillion euros would be lost if Greece was allowed to crash. "What they're doing with Greece has a name: terrorism," Varoufakis said in the…

  • Would Greek exit help or hurt Europe's currency union?

    FRANKFURT, Germany (AP) — With aid negotiations off and ATMs running out of money, it's not speculation any more. Greece could leave the euro. And soon.

    Associated Press
  • Austria finance minister says Europe can easily cope economically with Grexit

    Europe would suffer little economically should Greece leave the euro zone but the consequences for Greece would be considerably worse, Austria's Finance Minister Hans Joerg Schelling said on Saturday. "For Europe, this would be easy to manage economically. For Greece, it would indeed be…

  • Analysts: Greek government's post-referendum future unsure

    ATHENS, Greece (AP) — Whether Greeks decide in Sunday's referendum to accept their lenders' bailout deal or reject it, the government's hold on power may be shakier than its brash prime minister has calculated, analysts say.

    Associated Press
  • Greek campaigns, neck and neck, reach dramatic finale

    ATHENS, Greece (AP) — Greeks packed city squares for dueling rallies late into the night Friday, as polls showed a dead heat between the 'yes' and 'no' camps ahead of a bailout referendum Sunday that could be Greece's most important vote since it joined the European Union.

    Associated Press
  • Defiant PM rejects Grexit fears as he rallies 'No' vote

    Greece's Prime Minister Alexis Tsipras got a rock-star welcome at an Athens rally on Friday as he sought to revive support for a "No" vote in a referendum called to strengthen his hand in talks with international creditors. Countering EU leaders' warnings that a "No" could cause Greece to crash…

  • Crying Greek pensioner: the story behind the poignant photo

    Retiree Giorgos Chatzifotiadis had queued up at three banks in Greece's second city of Thessaloniki on Friday in the hope of withdrawing a pension on behalf of his wife, but all in vain. "That's why I feel so beaten, more than for my own personal problems," Chatzifotiadis said. Recounting how he…

  • 'Yes', 'No' voters worlds apart in sleepy Greek town

    Argos (Greece) (AFP) - In the sleepy town of Argos in southern Greece, the "No" and "Yes" camps are worlds apart ahead of a historic bailout referendum. For one it's about rejecting austerity, the other is haunted by a possible return of the drachma.

  • The diplomatic Viennese waltz at the Iran talks

    Tucked away behind some trees is a serene rooftop garden at the luxury Viennese hotel hosting the Iran nuclear talks. Temperatures have soared in the Austrian capital this week as a heatwave hits Europe, and Vienna's famous squares and coffee houses have overflowed with sun-seekers soaking up the…

  • Leftist Spanish parties back 'No' vote in Greek referendum

    Six Spanish leftist parties and platforms on Friday backed a "No" vote in Sunday's Greek referendum on its bailout terms. "We think that the Greek people will be courageous, that they will be on the 'No' side," said Rommy Arce, a Madrid city councillor who belongs to a leftist "Ahora Madrid"…

  • Greek PM is hero and villain at rival rallies in divided Athens

    A warrior for the "No" supporters, an "emperor with no clothes" for the "Yes" camp -- thousands of people demonstrated at rival rallies in Athens Friday where Prime Minister Alexis Tsipras was both hero and villain. "I'm not going to cry, I'm not going to be afraid, I'm going to say 'No'!" chanted…

  • Ukraine rebels withdraw from key frontline village

    Pro-Russian fighters have withdrawn from a strategic frontline village, Ukraine's military reported on Friday, although some troops doubted whether the surprise retreat and lull in fighting would last. Lying just 10 kilometres (six miles) east of the Sea of Azov industrial port of Mariupol -- the…

  • Stability at stake in N.Ireland as 'Brexit' risk grows

    The only part of Britain to share a land border with the rest of the European Union, Northern Ireland is anxiously awaiting a referendum on EU membership that could spell economic and sectarian trouble. Britain is planning a vote on whether to leave the 28-member bloc by the end of 2017, and a…

  • Russia mulls new selective sanctions against Western nations

    MOSCOW (AP) — Russia will consider new selective retaliatory measures against some specific Western countries, the nation's security chief said Friday, pointing at Finland as a possible target.

    Associated Press