Greece warned against trying to reverse bailout deals

The head of the Eurogroup warned on Friday that Greece could not ignore its international obligations, after a first meeting with the new anti-austerity government that wants to renegotiate its multi-billion-euro bailout...

'Wasting a whole generation of people in Europe is stupid'

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The “stupid” austerity measures imposed after the 2011 EU bailout may see Portugal losing all the gains of the Carnation Revolution, European MP, Rui Tavares, told RT on the anniversary of the peaceful coup of 1974.
Frustration with austerity is deepening among Europeans, with one in five of the workforce without a job in Portugal and Spain's unemployment jumping to a record of 27.2 per cent.

People in the two heavily-indebted nations are launching fresh protests against their governments and international lenders.