Greeks vow to put an end to austerity

Looming bankruptcy, default and the exit of Greece from the euro could be the “beginning of the end” for the European Union, according to Europe’s foreign policy chief.
The warning was echoed by the International Monetary Fund and the European Central Bank as a new Greek crisis threatened to derail the eurozone’s entire economy.
Greece yesterday defiantly refused to implement any more austerity measures and the IMF signalled that talks to rescue Greece were not working, heralding Greek bankruptcy next month.