Greek Opposition Holds Out on Spending Cuts
Prime Minister Antonis Samaras ound the going tough over the weekend as he failed to convince all members of his coalition that additional austerity measures must be enacted to obtain the next tranche of rescue funding.
Eurozone Finance Ministers to Meet in Brussels
Meeting will discuss rescue measures decided at the June EU summit meeting, and pessimistic markets drove the euro down to a two-year low in anticipation of the talks.
Talk of Greek Euro Exit Grows as Political Deadlock Continues
More than a week after elections brought anti-austerity parties to the fore, the task of brokering a compromise is in the hands of President Papoulias, who thus far has been as unsuccessful as the party leaders themselves.