How the world sees Greece
Greece is expected to endorse a painful 2013 budget of further spending cuts demanded by its international creditors, as tens of thousands of demonstrators gathered in Athens to vent their anger at the government's handling of the financial crisis.
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• McClean did not wear one on jersey during defeat to Everton
• 'It was James' personal choice,' says Sunderland statement
Sunderland have confirmed that James McClean's decision not to wear a Remembrance Day poppy on his shirt was a personal one.
The Northern Ireland-born Republic of Ireland international was included in the team which started Saturday's 2-1 defeat at Everton but did not wear the same shirt as the rest of his team-mates. But the club have insisted the decision was McClean's alone.
A statement said: "As a club, SAFC wholeheartedly supports the Remembrance commemorations. It was James' personal choice not to wear a shirt on this occasion."
The 23-year-old's decision sparked a flurry of Twitter activity, with some users condemning him and others coming out in support of his right to choose. McClean is due to meet up with his Republic team-mates for Wednesday night's friendly against Greece in Dublin on Sunday.
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 BBC News | Greece Takes Aim at Tax Evasion Among Wealthy New York Times In recent weeks, tax experts at Greece's finance ministry have been scrutinizing the finances of about 15,000 Greeks to see if money they have sent abroad in the past three years — about $5 billion in all — exceeds the declared wealth on their tax ... Greece votes on budget to unlock aid Greece to vote on 2013 budget Greece MPs face new austerity budget vote |
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Greece battles to avert €5bn default Financial Times Greece is battling to raise funds to avoid defaulting on a €5bn debt repayment this week as international lenders remain deadlocked over how to reduce the size of its overall debt. The country's debt management office has announced plans to cover the ... |
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 Belfast Telegraph | Ireland v Greece: Trap the believer knows stakes are high The Score A FRIENDLY AGAINST Greece might not be the most attractive show in town next week but Republic of Ireland boss Giovanni Trapattoni accepts that this is not just another meaningless international break. On Wednesday night the stakes are higher. James McCarthy is hoping for a birthday gift when he lines out against Greece ... |
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 AFP | Troika rifts and mistakes cost Greece Kathimerini Greece may have to be blamed for unwillingness to comply and delays in the implementation of structural reforms agreed with its creditors, the European Union, the European Central Bank and the International Monetary Fund. However, it cannot be accused ... Greece back at center stage as central banks remain on hold Greece should get more time, aid: ECB member Greece is still a train wreck |
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 Irish Independent | McCarthy eyeing Greek birthday gift Irish Independent Ireland, and their manager Giovanni Trapattoni, are under pressure to pull off a win over the Greeks in Dublin on Wednesday night after their previous appearance at the Aviva Stadium ended in a humiliating 6-1 defeat to Germany. McCarthy's father ... |
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Thousands gather in protest as parliament decides whether to approve new austerity measures in 2013 budget
The Greek government faces another test on Sunday evening when MPs vote on a 2013 budget that requires approval for the country to receive further financial aid.
The legislation will impose deep spending cuts on the country's already battered economy, as international lenders demand further austerity in return for assistance. Antonis Samaras's coalition is expected to win the vote just four days after it only narrowly won approval for a multi-year, €13.5bn (£10.8bn) austerity package.
Thousands of people gathered outside the Greek parliament in Syntagma Square, Athens, to urge MPs to vote down the budget. Leading the protest march were flag-waving unionists with the communist-aligned Pame party followed by private and public sector workers.
The protesters' chants included "Out, out, out with the IMF" and "Hands off workers' rights".
There was also drama inside the Athens chamber where opposition MP Stathis Panagoulis, of the leftwing Syriza party, warned that Greece faces "civil war", and that politicians risk being "lynched" and "murdered" as a result of the austerity measures. The budget includes hefty cuts in pensions and public sector wage reductions, agreed through torturous negotiation with Greece's "Troika" of lenders, the IMF; European Commission and European Central Bank. It also contains dire economic forecasts. Greece's national debt is predicted to hit nearly 190% of GDP next year – much higher than when its second bailout was agreed in March. The budget warns that Greece's long recession will continue, with GDP shrinking by another 4.5% in 2013. Economists say the projections show that Greece cannot meet its targets without the two-year extension which Samaras has been quietly urging fellow European leaders to support.
Last week's austerity package was eventually approved by just 153 of the 300 MPs in the chamber. Junior partner Democratic Left abstained in protest at labour market reforms, but the leftwing party is thought to support the new budget.
Greece faces a nervous wait for its next tranche of bailout cash even if the budget is approved, with eurozone leaders unlikely to agree on a payment date when they meet on Monday.
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| READ THE ORIGINAL POST AT www.guardian.co.uk |
BBC News | Greece MPs face new austerity budget vote BBC News More than 10,000 protesters have rallied outside the Greek parliament in Athens, where MPs are due to vote on a 2013 budget of fresh spending cuts. Another austerity package of tax rises and pension cuts was passed last week against a backdrop of ... UPDATE 1-Greece votes on budget to unlock aid Euro Declines to Four-Week Low Versus Yen on Greek Aid Concern Bank Shares Lead European Stocks Lower |
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Greece's debt burden: How to end the agony ForexLive (blog) Re market, don't think any of the weekend news so far has been overly major, so wouldn't be expecting any major gap opening. I agree with you though, that likes of AUD/USD and EUR/USD might possibly open a little firmer on the back of Chinese ... |
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AFP | Greece back at center stage as central banks remain on hold MENAFN.COM (menafn – ecpulse) A new economic week with many major events has passed; starting with U.S. presidential election and victory of President Barack Obama. In Europe, Greece was the center stage, passing a new round of austerity measures needed to ... Greece should get more time, aid: ECB member Greece is still a train wreck Greece uses short-term auction for bridge financing |
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Thousands Protest in Greece as Budget Vote Looms Voice of America (blog) Thousands of protesters gathered outside of Greece's parliament as lawmakers prepared to vote on the annual budget which is expected to cut spending and raise taxes as part of a plan to secure foreign aid. More than 13,000 people marched through the ... |
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 The Guardian | Why is Greece's finest young director making London his home? The Guardian Yorgos Lanthimos sits at the table outside a pub, bundled up in jacket and fleece, his breath visible in the autumn air. While he talks, I can't decide what's more telling: the fact that Lanthimos, the most talented Greek director of his generation ... |
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European Finance Chiefs Seek Greek Agreement Amid Economic Gloom Bloomberg European finance chiefs will seek a program to maintain Greek solvency after the country's parliament approved a raft of austerity measures, even as the currency union confronts the prospect of a worsening economy. Finance ministers from the 17-member ... |
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 Business Recorder (blog) | UPDATE 1-Greece votes on budget to unlock aid Reuters Ruling parties have 168 of parliament's 300 seats. * Budget must be approved for Athens to tap financing. * Bulk of 9.4 billion euros in cuts come from wages, pensions. By Michael Winfrey and Harry Papachristou. ATHENS, Nov 11 (Reuters) - Parliament in ... Greece to vote on 2013 budget; protesters gather Greece votes on budget to unlock aid Greece faces another key test with budget vote |
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 Business Recorder (blog) | Greek deputies to vote on 2013 budget; German FinMin dampens hopes for ... Washington Post ATHENS, Greece — Hundreds of protesters were converging on the Greek capital's main square outside Parliament on Sunday evening, as lawmakers debated the 2013 budget, which includes pension and salary cuts demanded by the country's international ... Greek Parliament takes up 'bailout' budget Germany: Euro zone won't bow to Greek aid time pressure - paper Greek Budget Deficit Narrows 42% |
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German FinMin: Greek aid decision will take time CBS News German FinMin: Greek aid decision will take time. BERLIN — Germany's finance minister says international creditors won't be rushed when it comes to approving the next batch of rescue loans for Greece. Wolfgang Schaeuble told a German newspaper in an ... |
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 B92 | "Greek crisis is feeding EU skepticism" B92 The conference was dedicated to the region's EU integrations. "The Greek crisis has reduced the confidence in (EU) enlargement and discredited the whole region because Greece 'fell'," said Ritsa Panagiotou of the Center of Planning and Economic ... |
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