Much-needed rescue cash will finally start flowing into Greek coffers later this month, as the Eurozone group clears the way for a 130-billion Euro bailout. However, the International Monetary Fund is yet to confirm its part in the deal despite Greece agreeing a bond-swap deal with private creditors. One senior Euro official even suggested its debt could fall more than expected. But Euro MP Paul Nuttall believes southern European countries should just get out of the currency union. RT on Twitter twitter.com RT on Facebook www.facebook.com

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Read more on.rt.com The worst riot damage in years has struck Athens as MPs pass harsh new austerity measures. Dozens of historic buildings were set ablaze after riots turned chaotic overnight in Greek capital with protesters looting shops and clashing with riot police. RT on Twitter twitter.com RT on Facebook www.facebook.com

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British Hellenic Chamber of Commerce (BHCC) Annual London Conference ~ 28 June 2011 That's Greece vs That's Not Greece

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RT talks to a prominent American economist about the current state of the world's financial plight, and where it's heading next. RT on Twitter twitter.com RT on Facebook www.facebook.com

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The Greek parliament has approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF in efforts to avoid devastating default. This comes amid violent riots against the vote in Athens. The lawmakers voted early Monday in favor of the bill that will cut 15000 public-sector jobs and lower the minimum wage by 20 per cent. Patrick Young, from investment consultants, DV Advisors, says whatever happens in Greece, there's no saving it from a collapse that will be felt across Europe. RT on Twitter twitter.com RT on Facebook www.facebook.com

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As Spain tightens its belt in the face of more cuts, the troubles reverberate across southern Europe. For more on developments in the region advisor Patrick Young talks to RT from Poland. RT on Twitter: twitter.com RT on Facebook: www.facebook.com

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Greece's Prime Minister Lucas Papademos has resigned, setting the stage for early elections on May 6 after a five-month rescue mission to save the country from bankruptcy. Reactions from the street in Athens. Duration: 01:13

WEB GREECE POLITICS

When Apostolos Polyzonis's bank refused to see him last September, the 55-year-old Greek businessman had just 10 euros ($13) in his pocket. Out of work and bankrupt, he thought all he could do with his remaining money was to buy a gas can. Desperate and angry, Polyzonis stood outside the bank in central Thessaloniki, in northern Greece, doused himself in fuel and surrendered to the flames. The Great Day of Annihilation thegreatdayofannihilation.com

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thank you for the "bailout" Germany. hehe. facebook: www.facebook.com

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The Greek Parliament is set to approve the country's new international bailout deal later today as more protests, against austerity measures in return for rescue funds, are planned. Athens received a second bailout this year. Combined with its first rescue package, the country stands to receive over 172 billion euros in loans from eurozone countries and the IMF. But Greece's creditors claim the country's most recent austerity measures could be 'accident prone'. Experts say the country may fail to lower its debt burden to the specified targets, later requiring more rescue loans. Greece is in its fifth year of recession, and many believe it needs to recover before debt reduction plans can have much effect. For more on this, we're joined by Attorney and Professor of Constitutional law, George Katroungalos, live from Athens. RT on Twitter twitter.com RT on Facebook www.facebook.com

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Who will benefit from the new set of Greek austerity measures, which got a violent response from the crowd on Sunday? Adrian Salbuchi, author and consultant talks to RT, suggesting it's the bankers, who are responsible for the economic downturn in the first place. RT on Twitter twitter.com RT on Facebook www.facebook.com

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More than ten thousand Greeks surrounded the Parliament on Tuesday - clashing with police while protesting the latest reforms. Many see their livelihoods, and the country, being 'sold out' with little benefit for them. Parliamentary opposition is also strong, with deputies wary of more cuts and tax hikes expected to accompany the deal. Greece has until March to secure financing, or face default. According to Investment advisor Patrick Young, the EU's hopes of a positive outcome are fading fast. RT on Twitter twitter.com RT on Facebook www.facebook.com

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Greece is waiting for the EU to decide whether it has done enough to qualify for the 130 billion euro handout that's been dangling for months. The government's approval of 3 billion euros in cuts to public spending led to violence on the streets of Athens. And as RT's Jacob Greaves reports, the rage within disheartened Greek society is growing stronger with every measure the government takes. RT on Twitter twitter.com RT on Facebook www.facebook.com

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Donate to UKIP: www.ukip.org | www.ukipmeps.org | http • European Parliament, Strasbourg, 15 February 2012 • Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the 'Europe of Freedom and Democracy' (EFD) Group in the European Parliament • Debate: Council and Commission statements - Preparation for the European Council meeting (1-2 March 2012) - no resolution ......................................................... Transcript: "Well Commissioner, you picked the right man. Puppet Papademos is in place and as Athens caught fire on Sunday night he rather took my breath away. He said, 'Violence and destruction have no place in a democratic country.' What democratic country? He's not even a democratically elected prime minister. He's been appointed by you guys. Greece is not run through democracy now, it is run through a Troika. Three foreign officials that fly into Athens airport and tell the Greeks what they can and cannot do. The violence and destruction that you saw on Sunday is being caused directly because people are having their democratic rights taken from them - What else can they do? And I must say, if I was a Greek citizen I would've been out there, joining those protests on Sunday. I'd be out there trying to bring down this monstrosity that has been put upon those people. And in his efforts, in the Puppet's efforts to get the MPs to vote for the bailout package, he warned them, that if they didn't do so there would be a dramatic <b>...</b>

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powered by www.eurovision.tv Eleftheria Eleftheriou will represent Greece in the 2012 Eurovision Song Contest in Baku, Azerbaijan with the song "Aphrodisiac".

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European austerity continues to takes its toll. On Tuesday - Greece issued a warning to all the banksters who've invested in about $260 billion worth of Greek debt - telling them they'd better take a new deal accepting about half the value of their investments - or risk getting nothing at all. Greece is hoping that about 90% of its investors will take the haircut - giving Greece a chance to restructure its debt in a way that's more manageable. And investors have until Thursday to decide if they'll take the deal - but if they choose not to - then once again a Greek default becomes a very real possibility. Of course asking investors to take a haircut is nothing compared to what the Greek people have had to sacrifice under years of austerity - with massive layoffs - cuts to social services - and wage decreases. All of which have led to unrest in the streets - hostility with neighboring nations like Germany - and even the ousting of democratically-elected leaders. Greece right now is the epicenter of the crisis of corporate capitalism that is engulfing the world today. And the question isn't how will things work out in Greece - but instead how long until what we're seeing in Greece comes to the United States? Richard Wolff joins Thom now - he is an Economist and Visiting Professor with the Graduate Program in International Affairs at New School University in New York City and Author of the book "Capitalism Hits the Fan."

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Greek party leaders have sent written commitments to Brussels saying they will stick to the agreed austerity measures even after the general elections in April. There are still EU demands Athens failed to fulfill, which led to the cancellation of a key meeting of Eurozone finance ministers. Greece is still struggling to secure the second bailout from its international creditors, without which it's due to default next month. For more on that RT talks to MEP and leader of the UK Independence Party, Nigel Farage. RT on Twitter twitter.com RT on Facebook www.facebook.com

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Greece waits as Merkel MPs vote on bailout To see more go to www.youtube.com Follow us on Facebook (goo.gl or Twitter (www.twitter.com With Greece given a new 130 billion Euro bailout package, this report looks at the human fallout of the country's crisis. It finds a people struggling to survive under a crippling regime of austerity. In recent months ordinary Greeks have watched their lives disintegrate. Everyday life in the country has become a struggle, so much so that even those in the middle classes are relying on handouts. "We cannot put up with any more demands. This is not tax, this is extortion", says a drinks distributor. In a typical shopping quarter in Athens, the shops are almost all shut because people can't afford to buy anything. Making a daily living has even become harder for those who were careful. But somehow there is still optimism, as well as a determination to pull together. "In the difficult times, the Greeks are always united. I think the same will happen again now." February 2012

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Greece has announced that it could ditch the Euro and exit the Eurozone in as little as 3 months - unless the EU and the IMF fund it with a second 130 billion euro bailout. Talks over the cash life-line have stalled for months over the poor performance of austerity measures and fears for the future. To discuss these latest development RT joined by Belgian business journalist, Johan van Overtveldt, live from Brussels. RT on Twitter twitter.com RT on Facebook www.facebook.com

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More on this programme: www.bbc.co.uk Loucas Yiorkas (featuring Stereo Mike) sings "Watch My Dance" as Greece's entry for the 2011 Eurovision Song Contest.

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Protesters in Athens are clashing with police, some throwing stones and Molotov cocktails. Greece's coalition government managed to agree on a new austerity deal their creditors demanded. But Eurozone finance ministers say they want to see concrete action before the second bailout worth 130 billion Euros can be handed over. The Greek Parliament is expected to vote on Sunday. But a junior coalition member says he will not back the new plan. RT talks to Max Keiser, financial analyst and host of the Keiser Report. RT on Twitter twitter.com RT on Facebook www.facebook.com

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As many people across Greece feel the effects of the global economic crisis, pawnbrokers, on the other hand, have been prospering financially in the country. An increasing number of Greeks have been forced to pawn many of their belongings to get by

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Greece is being pressured to give all control of the Greek budget to the European Union, which it says threatens its national sovereignty.

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More info on Foster's blog here: thrivemovement.com Watch THRIVE here: www.thrivemovement.com

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Students and teachers in Spain have packed the streets of Valencia, angry at cuts to the education system by their government. They are also angry about harsh and brutal tactics used by police there at previous rallies when dozens were beaten and arrested. Spain is facing an out-of-control deficit and despite many across-the-board cuts, it slated for many more - in the realm of 40 billion Euros or 53 billion dollars. RT correspondent Sarah Firth brings the latest from Valencia, Spain in her report. Like us and/or follow us: twitter.com www.facebook.com

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Short of saving Greece from a financial abyss, investment advisor Patrick Young is one of those who thinks the country's supposed salvation at the hands of the EU will leave it more or less powerless. RT on Twitter twitter.com RT on Facebook www.facebook.com

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Eurozone ministers have agreed to provide a rescue package to the tune of $170bn to save Greece from bankruptcy. But can Greece deliver on its undertakings this time around, and at what cost? Guests: Fokion Zaimis, Vicky Pryce, Constantine Michalos.

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02/20/2012 Nick Dunbar, author of 'The Devil's Derivatives', reveals how the country turned to investment bank Goldman Sachs for help getting around the deficit rules. In his report for Newsnight, some of those who did the deal, talk publicly for the first time. LeakSource.wordpress.com

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Watch the full Keiser Report E253 on Thursday. In this episode, Max Keiser and co-host, Stacy Herbert, discuss Lloyd Blankfein's suicide twinkie vest, Iceland's parliamentary pelting, manipulation of Libor rates and rampant foreclosure abuse. In the second half of the show, Max talks to Shir Hever about price tagging in Area C of the West Bank and about destroying the competition in Gaza. KR on FB: www.facebook.com

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democracynow.org - Greece is bracing for protests after eurozone finance ministers concluded a deal that will provide a $170 billion bailout in return for another round of deep austerity cuts. The bailout is opposed by several unions and left-wing groups in Greece over new cuts and layoffs imposed on public sector workers. Democracy Now! talks wtih Paul Mason, economics editor at BBC Newsnight and author of the new book, "Why It's Kicking Off Everywhere: The New Global Revolutions," who has just returned from Greece. "What makes the headlines are, of course, the riots," Mason says. "What doesn't make so many headlines is what is happening to real people. We're living in a time where the world has, in the last couple of years, erupted in a way many people thought they would never see again since the 1960s. The underpinnings of this new global unrest are [that] people are sick of seeing the rich get richer during a crisis." Towatch the complete daily, independent news hour, read the transcript, download the podcast, and for additional Democracy Now! reports on Greece, visit www.democracynow.org FOLLOW DEMOCRACY NOW! ONLINE: Facebook: www.facebook.com Twitter: @democracynow Subscribe on YouTube: www.youtube.com Listen on SoundCloud: www.soundcloud.com Daily Email News Digest: www.democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today, visit www.democracynow.org

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The Greek Prime Minister is struggling to get coalition party leaders to buy-in to harsh new international bailout terms. The country must now accept even more painful cuts if it's to get a 130 billion Euro second lifeline from international creditors. If the deal falls through Greece is expected to default by the end of March. Professor of constitutional law George Katrougalos says measures imposed by the EU aim at selling Greece's basic infrastructure to Germany. RT on Twitter twitter.com RT on Facebook www.facebook.com

RT George Katrougalos EU monetary Fiscal Union Angela Merkel budget cuts economy scandal eurozone Greece EU euro austerity eurocrisis democracy Europe Papademos European Central Bank bureaucracy European taxpayers debt crisis European Union Brussels European Commission European taxpayers euro debt

Violent clashes erupt between Greek protesters and police outside Athens parliament.

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www.euronews.com What has happening in Greece is the biggest restructuring of government debt in history. It comes after a nerve-wracking week when it looked like Greece's private creditors might not agree to the deal. For a long time the investors who had lent Athens billions had haggled in meetings like this one with the finance minister but eventually accepted that if Greece went bankrupt they'd get nothing. One hundred and seventy seven billion euros of loans will be exchanged for new ones with much lower face values, lower interest rates and longer maturities. Nearly 86 percent of the bondholders accepted that and they will lose three quarters of the value of their investments. Muchalis Massourakis, Chief Economist with Greece's Alpha Bank was hopeful a turning point had been reached: "We are going to suffer a big haircut because of this debt restructuring, but at the same time, for us, it is very important -- not the transaction per se -- but the fact that this is the beginning of the restoration of confidence in the economy and this will bring back, let us say, the commercial banking business to the banks." !static.euronews.com Other analysts were not so confident that banks will want to risk lending money to the Athens government even in the long term and some are already predicting that Greece - with its economy in tatters - will start to run out of money again soon perhaps as early as the second half of this year. Commerzbank economist Joerg Kraemer said: "The <b>...</b>

euronews economy Crisis Greece

Greece's political leaders have finally reached an agreement on further austerity cuts in order to get a second bailout package worth $170bn from EU and IMF to avoid a looming bankruptcy. EU finance ministers have been meeting in Brussels to discuss the details of the deal, while in Athens thousands of people have been gathering outside parliament against the deal. The deal includes cuts to pensions worth hundreds of millions of dollars, reduction of private-sector wages and termination of 150000 public sector jobs by 2015. Greek unions have planned a 48-hour strike which is due to begin on Friday. Al Jazeera's John Psaropoulos reports from Athens.

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Greece, the house of the gods. Come to beatiful Greece for your holidays! Watch with 1080p #For More: www.youtube.com Olympos, Athens - Acropolis, Athens, "High Bridge" (hanging) of Chalkis Repi, Lighthouse - Skiathos , Temple of Poseidon at Sounion, Aegean, Cyclades, Mykonos, The Lighthouse Armenistis - Mykonos, Delos, Naxos (Portara-The marble gate on the islet of Palaces), Filoti - Naxos, Amorgos - The Hozoviotissa, Antiparos, Sifnos, Paros, Santorini, Caldera, Nea Kameni, Amoudi (port Ia), Oia -- Santorini, volcanic soil, Oia, Knossos, Crete, Rhodes, Acropolis of Lindos - Rhodes, Mytilene - Our Lady of Petra, Molivos Genoese fortress, Thrace, the horses in the river Axios, Kavala, Archaeological site of Philippi, Mount Athos Peninsula, Mount Athos, Thessaloniki, Edessa Waterfalls, Lake Prespa, Holy Trinity Vrontous Olympus, Bridge to the lake Aliakmonas, Lake Ioannina, Meteora, Corinth Canal, Cog Vouraikos gorge, Monemvasia, Pylos, Niokastro Pylos, Methoni Bourtzi, Sfaktiria Spartan Fortress, Temple of Aphaia in Aegina, Mycenae, Ancient Theatre of Epidaurus, ancient stadium of Olympia, Zakynthos, Shipwreck in Zakynthos, Mouseisland -- Corfu, Tholos of Athena Pronaia - Delphi, Athens, Attica Chapel All rights belong to the authors and the producers of the DVD. Παραγωγή: Σταύρος Νιάρχος, 2003 (Producer: Stavros Niarchos, 2003) Executive Producer: Roy Hammond Producer, Writer, Editor: Sam Toperoff Producer, Aerial Director: Duby Tall Wescam Technician and Operator: Grant <b>...</b>

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Greece workers are on strike as negotiations continue to finalise a deal for a new bailout. But time is fast running out. What are the risks of a default, and the possibility of bankruptcy? Guests: Ann Pettifor, George Kapopoulos and Matina Stevis.

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UK Independence party leader Nigel Farage speaking in Greece

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UK Independence party leader Nigel Farage MEP on Greece

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Breaking news on the Greece financial crisis! Check out this video too - www.youtube.com Greek Prime Minister Lucas Papademos told members of his government they must back deeper budget cuts needed to prevent financial collapse or quit, as political dissension threatened to unwind the country's second bailout. Papademos said failure to secure the 130 billion-euro ($171 billion) rescue package that's under negotiation threatened 11 million Greeks with a default that would halt the payment of wages and pensions and shut down schools, hospitals and businesses. He spoke after five ministers resigned in two hours and protesters clashed with police in Athens. "Some say default would be preferable," Papademos told a Cabinet meeting in Athens this evening, according to an e-mailed transcript from his office. "They are woefully mistaken. What is of the essence right now is to do whatever we can to approve the new plan and let the loan accord proceed." Concerns the bailout might unravel mounted after euro-area finance ministers yesterday kept back approval of Greece's austerity measures, one of the Greek governing coalition parties pushed back against German demands for deeper cuts, and police used tear gas to counter demonstrators in the capital. Papademos met his ministers to discuss the bill detailing the measures, amounting to 7 percent of gross domestic product to 2014, which will be put to a parliamentary vote this weekend. The Cabinet gathered after one minister and three <b>...</b>

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The Vatican dispatches an elite team of bishops to sabotage contraceptive manufacturer Pfizer, an embarassing bounced check from Greece is taped up in the IMF headquarters, and Chris Kattan wonders whether he should start a podcast. It's the week of March 5th, 2012. Subscribe to The Onion on YouTube: bit.ly Like The Onion on Facebook: www.fb.com Follow The Onion on Twitter: www.twitter.com

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Greeks pay tribute to an elderly man who took his own life during a protest against austerity measures in Athens.

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Vice President of Analysis Peter Zeihan explains why the eurozone is no longer afraid of a Greek collapse. For more, visit: www.stratfor.com

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Breaking news footage on the Greece rioting... See another video here - www.youtube.com The historic vote paves the way for Greece's European partners and the International Monetary Fund to release $170 billion (€130 billion) in new rescue loans, without which Greece would default on its mountain of debt next month and likely leave the eurozone — a scenario that would further roil global markets. Lawmakers voted 199-74 in favor of the cutbacks, despite strong dissent among the two main coalition members. A total of 37 lawmakers from the majority Socialists and conservative New Democracy party either voted against the party line, abstained or voted present. Sunday's clashes erupted after more than 100000 protesters marched to the parliament to rally against the drastic cuts, which will ax one in five civil service jobs and slash the minimum wage by more than a fifth. At least 45 businesses were damaged by fire, including several historic buildings, movie theaters, banks and a cafeteria, in the worst riot damage in Athens in years. Fifty police officers were injured and at least 55 protesters were hospitalized. Forty-five suspected rioters were arrested and a further 40 detained. As the vote got under way early Monday, Prime Minister Lucas Papademos urged calm, pointing to the country's dire financial straits. "Vandalism and destruction have no place in a democracy and will not be tolerated," Papademos told Parliament. "I call on the public to show calm. At these crucial <b>...</b>

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Download on iTunes: bit.ly Listen on Spotify: spoti.fi Download on Beatport: bit.ly A historical piece of dance music, given a new voice and spin by German masterminds Dabruck & Klein and Dutch songwriter John Ewbank. 'Letting You Go (Greece 2000)' is a classic retouched fit to rule speakers once more. Some musical pieces follow us in history, growing and moving along with time. One of them is 'Greece 2000'. There's something everlasting about this Three Drives On A Vinyl classic, first released in 1997. It's been remixed hundreds of times and no matter how often you hear it, it never gets old. For the 'Hands On Armada Vol.2' album, German producer duo Dabruck & Klein took on the challenge of remixing this ultimate classic to great success. They've given it more volume, more power and higher dance floor potential. 'Letting You Go (Greece 2000)' holds on to the future, without losing the past. Strong female vocals and contagious, warm layers of melodic house will make you ride this new musical wave, unable to stop moving! Produced by: Flincke Jongens Directed by: Bas van Teylingen

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Dozens of buildings went up in flames as the riots engulfed the center of the Greek capital. A three-story corner building believed to be a home appliances store was severely damaged by fire. Among other buildings damaged were a cinema, a bank, a mobile phone dealership, a glassware shop and a coffee shop. RT on Twitter twitter.com RT on Facebook www.facebook.com

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Global stock markets have plunged over Greece's shock announcement that it would hold a referendum on an EU bailout deal. The decision has raised fears that a rejection of the unpopular EU agreement will renew risks of a Greek default and might even force the country to leave the eurozone. Press TV talks with Max Keiser, a financial journalist and broadcaster in Paris, to get his view on the issue.

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Daniel Hannan addresses the European Parliament plenary session in Strasbourg in February. He tells the Chamber that the Greek bailout will harm ordinary people while propping up wealthy banks and bondholders, and that "that's what happens when you base your whole policy on signalling your disapproval of nationalism".

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