EU Threatens Greek Default If Austerity Plan Rejected -- Wall Street Journal
BRUSSELS (Dow Jones)--European Union officials Tuesday increased pressure on the Greek parliament to approve a EUR28 billion package of spending cuts and tax hikes, saying the country would face a default if legislators don't approve the austerity plan in a series of votes this week.
Greece will face a cash shortfall in the middle of July unless it receives a EUR12 billion rescue loan payment from the euro-zone governments and the International Monetary Fund, the fifth slice of EUR110 billion in rescue loans agreed upon last year. Euro-zone governments and the IMF have said they won't approve the payment unless the Greek parliament passes the legislation, proposed by Greek Prime Minister George Papandreou, in votes scheduled for Wednesday and Thursday.
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More News On Greece's Financial/Debt Crisis
Protesters clash with riot police in Athens strike -- Yahoo News/AP
Greek protests turn violent as EU warns of default -- Yahoo News/Reuters
Papandreou urges vote to 'keep Greece on its feet' -- Yahoo News/AFP
Greece protest against austerity package turns violent -- BBC
Protesters clash with police in Athens -- Sydney Morning Herald/AFP
Clashes Break Out At Athens Protest Over Austerity -- Wall Street Journal
Greek Police Fire Tear Gas as Strike Overshadows Budget Vote -- Bloomberg Businessweek
Greek Strike Turns Violent -- RTT News
In Greece, strikes before budget vote -- UPI
Greece Paralyzed By 48-Hour Strike Ahead Of Austerity Vote -- Wall Street Journal
Greece erupts with riots as protestors face off with police over budget cuts -- New York Daily News
Greek police fire tear gas to disperse Athens protesters -- The Telegraph
Two-Day Strike in Greece Ahead of Austerity Vote -- New York Times
Ailing Greece Tries National Tag Sale -- Wall Street Journal
Exclusive: EU has Plan B if Greece rejects austerity: sources -- Reuters
And if the Greek bailout fails... -- Teri Schultz, CNN