Protests in Athens as EU debates aid

GREECE descended into violent anti-austerity protests as European Union and International Monetary Fund auditors arrived in Athens to assess the strength of its finances yesterday.

As a 10,000-strong union protest over public spending cuts disintegrated into clashes with police, the bailout audit team started a week of meetings to understand whether the debt-ridden country may need further aid.

Concerns mounted in the market and the euro fell against both the pound and dollar at various stages yesterday over concerns that Greece may require billions of fresh bailout funds just a year after receiving a €110bn (£96bn) international loan.

Officials denied reports that the EU was considering offering Greece a further €60bn in aid.