Greek Parliament Approves Austeriy Measures

Amid clashes in Greece, the lawmakers voted early Monday to approve another period of austerity measures in return for a new eurozone bailout of the debt-stricken country. While the lawmakers debated, police officers repressed the demonstrations with tear gas and stun grenades...

Papademos Sworn as the Head of Unity Government

This Friday the economist Lucas Papademos was formally sworn as the head of Greece’s new unity government. With this action the nation seeks to regain political and financial stability after many weeks of uncertainty. Papademos, a former banker and European Central Bank vice...

Lucas Papademos is the New Greek Prime Minister

This Thursday the former vice president of the Central European Bank, Lucas Papademos was named as the Greek Prime Minister. The announcement was made by the Greece presidency. After a four-hour meeting between socialist parties, and parties of extreme right along with the chief...