Greece, France Jockey for Change
Alexis Tsipras of the Syriza party in Greece has given leaders of other parties an ultimatum: reject the bailout and its tough conditions, or be shut out of the government.
Irish Vote to Support E.U. Fiscal Treaty Could Be at Risk
With support for the current Irish government falling, an upcoming referendum on acceptance of the latest E.U. fiscal treaty could be at risk as support for the opposition rises.
Ireland Sees Opportunity in Greek Solution
The deal brokered by the euro zone nations to save Greece from default has opened a window of opportunity for Ireland in which Dublin may seek relief for its own wounded economy.
Portuguese Parliament Passes Austerity Budget
Portugal passed a tough austerity budget for 2011 on Friday, in a bid to cut the country's deficit to 4.6% of GDP in 2011. The 2011 budget raises the value added tax (VAT) from 21% to 23%, cuts civil servant wages by 5%, and slashes public spending.
Irish Government Collapses Under Weight of Debt
Brian Cowen, Ireland's prime minister, said that he will dissolve his government once the austerity budget necessary for an EU-IMF aid package is passed.