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Home » Topics » Greek Prime Minister Lucas Papademos

Eurozone opts to keep Greece under umbrella

Greek Finance Minister Evangelos Venizelos (left) and Greek Prime Ministers Lucas Papademaos. Image via AFP.

Europe opted on Tuesday to keep Greece in the eurozone, agreeing a huge financial lifeline worth 237 billion euros but demandingAthens meet a long list of conditions first. The decision, reached after a marathon 13 hours of negotiations with private creditors and the International Monetary Fund, should avert a messy bankruptcy, but leaves…

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Greek leaders in emergency meeting for debt deal

Greek PM Lucas Papademos. Image via AFP.

Greek Prime Minister Lucas Papademos held an emergency meeting with political allies on Sunday after hours of “superhuman” negotiations with EU-IMF bailout auditors failed to produce a rescue deal. George Papandreou, Antonis Samaras and George Karatzaferis — the leaders of the socialist, conservative and far-right parties backing the government —…

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