Britain`s main opposition Labour party was expected to name radical leftwinger Jeremy Corbyn as its new leader Saturday, embracing the anti-austerity sentiment sweeping Europe but threatening deep splits ahead.
Voters in Greece resoundingly rejected creditors' demands for more austerity in return for rescue loans, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal.
Tens of thousands of Greeks rallied on Monday to back their leftwing government`s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.
Several hundred anti-austerity protesters, chanting slogans against the European Union and IMF, rallied near parliament in Athens on Sunday as a deepening crisis forced Greece`s leftist government to announce capital controls on the banking system.
Greek Finance Minister Yanis Varoufakis struck a conciliatory note on Monday in a long battle over a cash-for-reforms deal, calling a meeting with his German counterpart Wolfgang Schaeuble in Berlin helpful.
The cash-strapped NDMC has now resorted to austerity measure, with its standing committee on Wednesday announcing to cut expenditure on flower decoration in the rooms of officials and elected representatives.
Years after illuminating several churches, temples and a mosque in the state, Goa government on Monday decided not to foot their electricity bill anymore as an austerity measure, drawing flak from the opposition.
Violent clashes between anti-capitalist activists and German police marred the inauguration of the European Central Bank`s new headquarters Wednesday, with police cars set ablaze, rocks thrown and windows smashed.
Spanish Prime Minister Mariano Rajoy on Sunday called on his Greek counterpart to get "serious" about his country`s debt-wracked economy, after Alexis Tsipras accused other eurozone partners of undermining its negotiations with Brussels.
Seeking to contain expenditure, the Cabinet Secretary has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding conferences and meetings in five-star hotels.