Greece roads to close July 4 for celebration

News 10NBC

Greece roads to close July 4 for celebration Rochester Democrat and Chronicle A portion of North Greece Road will be closed on July 4 for the Spirit of American Fourth of July Celebration at Grace and Truth Sports Park. Fireworks return to Greece this yearGreece Post Fourth Of July Fireworks Return To Greece13WHAM-TV all 4 news articles »

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Turkey talks tough on Cyprus EU presidency

As if times weren't tough enough for the EU, the next six months could add more turbulence as the Greek-Cypriot-led divided island of Cyprus takes over the EU presidency - much to Turkey's chagrin.

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Greek lawmakers shun extreme right party

Atlanta Journal Constitution

Greek lawmakers shun extreme right party Atlanta Journal Constitution ATHENS, Greece — Greek lawmakers banded together Friday to keep an extreme right-wing party out of the position of deputy parliament speaker, leaving one of the seven posts vacant rather than filling it with a member of a group many consider to be ... Greek Parliament votes for speaker, deputies, in potential showdown with ...Washington Post Greek Parliament Electing SpeakersABC News all 244 news articles »

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Italy celebrates a magical night against Germany

Italy celebrates a magical night against Germany

Associated Press


Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Updated 08:12 a.m., Friday, June 29, 2012

Premier Mario Monti and striker Mario Balotelli gave a much-needed boost to a country suffering for months under harsh austerity measures and embarrassed by a match-fixing scandal in its national sport in which dozens have been arrested.

To the east in Warsaw, the talented soccer player with a discipline problem led Italy's national team to a 2-1 victory over Germany, propelling them into the finals of the European soccer championships.

Monti, an economics professor who replaced the flamboyant Silvio Berlusconi with a mandate to put debt-ridden Italy's finances in order, had vowed to keep talking at the EU summit until an agreement was hammered out.

"May I stress that Italy worked a lot and put a lot of pressure at the negotiating table for this result to be achieved," he said, referring to measures to contain borrowing costs.

During the overnight talks, he seemed to be leading the charge against Merkel and several other northern European leader who fear having to pay even more in bailouts and loans for the profligate south, composed of Greece, Spain, Portugal and Italy.

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‘Broke’ Cyprus to assume EU presidency

With a debt of 14 billion euros and heavy exposure to the Greek crisis, Cyprus is in a precarious economic position. As the country takes up the rotating EU presidency for the first time, Europe watchers are wondering just what it might achieve.

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Europe's next big steps to tackle crisis

Europe's next big steps to tackle crisis

Associated Press


Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Updated 03:50 a.m., Friday, June 29, 2012

— Once that is done, the eurozone's two bailout funds, known by their acronyms EFSF/ESM, will be able to recapitalize banks directly, rather than first handing over the money to the government of the country where they are based.

— They agreed that countries that are working to control their budgets could tap the rescue funds without having to go through the tough austerity measures that Greece, Ireland and Portugal were forced to accept in return for their bailout cash.

Yet as a precondition for membership in the eurozone, all countries have already agreed to limit budget deficits to 3 percent of their gross domestic product and total debt levels of no more than 60 percent of GDP.

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Greek Parliament votes for speaker, deputies, in potential showdown with extreme right party

ATHENS, Greece - Greece's 300 new lawmakers are voting for a Parliament speaker and deputy speakers, in what could be the first showdown with an extremist right-wing party recently elected into office for the first time.

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