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17
Jun
2012
5:01pm, EDT
Andreas Solaro / AFP - Getty Images
New Democracy party leader, Antonis Samaras, right, arrives for a press conference at the Zappion Hall in central Athens on June 17, after his party won the Greek election. "Today the Greek people expressed their will to stay anchored with the euro," said Antonis Samaras, the leader of the conservative New Democracy party which preliminary official results showed in the lead with 29.5 percent.
Pro-bailout party wins Greek election
Sunday's vote was seen as crucial for Europe and the world, since it could determine whether Greece was forced to leave the joint euro currency, a move that could have potentially catastrophic consequences for other ailing European nations and the global economy. As central banks stood ready to intervene in case of financial turmoil, Greece held its second national election in six weeks after an inconclusive ballot on May 6.
The Eurozone's finance ministers said the outcome should allow for the formation of a government that will carry the support of the electorate to bring Greece back on a path of sustainable growth.
-- Reported by NBC News, msnbc.com staff and news services
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Explore related topics: eu, economy, euro, greece, world-news, bailout
14
May
2012
7:00am, EDT
Protests outside nationalized Spanish bank as Euro zone worries grow
Pedro Armestre / AFP - Getty Images
A woman holds a card reading "This bank cheats, defrauds, throws people out of their houses" during a protest held outside Caja Madrid bank's headquarters in Madrid on May 14, 2012.
Alberto Di Lolli / AP
Riot police stand guard in front of a branch of the recently nationalized Caja Madrid bank during a protest in Madrid on May 14, 2012.
The Associated Press reports — Spanish Prime Minister Mariano Rajoy on Sunday defended his government's harsh austerity measures aimed at correcting Spain's grim economic forecast, one day after tens of thousands of Spaniards took to the streets to protest his handling of the country's worst crisis in decades.
On Friday the government ordered independent assessments of its banks' debt loads and forced them to set aside billions more in provisions for the real estate sector.
Global shares , euro hit as political risks pile up
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2 comments
If you see the photo of the Caja Madrid Bank with the Riot Police standing guard...remember that photo...that will be the United States in less then three years if something isn't done about the finanical ruin coming our way!
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Explore related topics: business, eu, economy, spain, europe, madrid, police, protest, world-news, caja-madrid
17
Dec
2010
12:20pm, EST
An intimate conversation between two world leaders at the EU summit in Brussels.
Yves Logghe / AP
French President Nicolas Sarkozy, left, getures toward German Chancellor Angela Merkel during a round table meeting at an EU summit in Brussels, Friday, Dec. 17, 2010. European Union leaders are changing the treaty that underpins the bloc to make room for a huge new rescue system for countries that get into debt trouble in the long term. But they aren't ready to beef up the bailout fund they have in place today.
Georges Gobet / AFP - Getty Images
Georges Gobet / AFP - Getty Images
Georges Gobet / AFP - Getty Images
Yves Logghe / AP
What looks like an intimate conversation between two world leaders at first, but then you see all the press covering their every move.
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Explore related topics: eu, politics, merkel, deficit, debt, european-union, world-news, world-leaders, sarkozy