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Bailout referendum rallies gather thousands in Athens
Two rival rallies took place in Athens on Friday. Police estimate that 25,000 came out to support the ‘No’ camp, which calls for the rejection of a new bailout deal with creditors in Sunday’s referendum, while 20,000 gathered to back the “Yes” vote.
Greece’s Prime Minister, Alexis Tsipras, who called the referendum last week to add more weight to his position in talks with creditors, addressed...
Overwhelming majority of Italians say no to "refugees"
Interviews of nearly a thousand Italians by Rai News, show that more than 8 out of 10 Italians say they do not want “refugees” brought into their country.
The interviews, conducted from the 23rd to the 24th of June also showed that:
1 out of 4 (25%) Italians thought immigration was the country’s top problem.
2 out of 5 (38%) thought immigration was a “a serious security threat“ and can “be...
France intercepts international communications
France’s external intelligence agency has been intercepting international communications for the last couple of years, a new investigation reveals.
The findings of a weeks-long investigation carried out by the French daily Le Nouvel Observateur, published on Wednesday, show that France’s Directorate-General for External Security, known by its French acronym DGSE, has been spying on the...
Greece after 5 years of belt tightening
The EU and its financial institutions have been pushing an austerity policy on Greece for the last five years. High unemployment, more taxes, billions of euros fleeing, and an increase in suicides mean Greeks on Sunday have to decide if enough is enough.
What happened?
In January, the left-wing Syriza party led by Prime Minister Alexis Tsipras promised to end years of austerity measures without leaving...
Greece becomes first developed nation to default on international obligations
The International Monetary Fund has confirmed that it didn’t receive the €1.6 billion payment from Athens that was due by the end of June 30, Brussels time, making Greece the first developed country to default on its international obligations.
IMF spokesman Gerry Rice said in a statement that Greece had asked for a repayment extension earlier Tuesday and that the fund’s board will consider...
Kiev Should Fix Its 'Chronically Broken Economy' Instead of Any Debt Talks
The International Monetary Fund (IMF) has recently called on Ukraine and its creditors to continue negotiations on the country’s debt, but the editor-in-chief of the business and finance media company thinks that Kiev should instead concentrate on “fixing what is absolutely, chronically broken economy” and launch immediate reforms.
The International Monetary Fund (IMF) has called on Ukraine...
Robot kills a man at Volkswagen plant
A machine on an assembly line grabbed a worker and thrust him against a metal slab, causing lethal injuries.
The tragedy occurred at a plant belonging to German automaker Volkswagen (VW) in Baunatal, on Monday.
A 21 year old man, who is not an employee of the plant, was assembling the robot for a new motor production line, according to the Local.de. His Meissen-based company had built the machine...
Russia halts gas supplies to Ukraine after pricing talks fail
Russia’s gas giant, Gazprom, has announced that it is halting natural gas supply to the war-stricken Ukraine after pricing talks between two neighbors failed.
“Ukraine did not pay for July gas supplies,” Gazprom chief, Alexei Miller, said in a statement on Wednesday, adding, “Gazprom has halted gas supplies to Ukraine from 10 a.m. (0700 GMT) July 1.”
The Russian official...
Greece ready to accept all bailout terms
Greek Prime Minister Alexis Tsipras is ready to accept almost all the conditions proposed by the country’s international creditors at the weekend, marking the latest attempt to keep Greece in the eurozone.
The prime minister said he would accept all of the terms proposed with just minor exceptions. He agreed to the changes in the country’s value added tax system but asked to keep a special 30...
Discovery Of “Chimera Sea Monster” Sparks Grave Russian Fears
An “emergency” national security report prepared by the Ministry of Defense (MoD) circulating in the Kremlin today is warning that the “sea-creature” discovered on Sakhalin Island in the Far East this past week by local residents has now been identified as a “chimera” deliberately created in/by the United States for purposes as yet unknown and, therefore, now poses a “heightened” security...
Russia wants to Ban Coca-Cola and Pepsi to retaliate against Western Sanctions
09/01/1992 A Coca Cola shop.
The head of Russia’s Party of Pensioners is urging sanctions against the Coca-Cola and PepsiCo claiming the soda giants are major sponsors of anti-Russian politicians in US and that the move would boost domestic producers of soft drinks.
“In support of the president’s and government’s actions regarding the countersanctions we suggest restricting imports of products...
NSA spied on France ministers - WikiLeaks
Whistleblower website WikiLeaks says the US National Security Agency (NSA) eavesdropped on two successive French finance ministers and the country’s high-stakes export contracts, trade and budget talks over a decade.
According to new documents released by the transparency website on Monday, the NSA wiretapped the communications of two finance ministers Francois Baroin and Pierre Moscovici and three...
European banks lose €50 billion as Greek debt deadline nears
The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held.
The Stoxx 600 Banks Index fell by 4.4 percent, the biggest daily decline since November 2011, Bloomberg reports. Among the biggest losers is Portugues Banco Comercial down 9.1 percent, and Italy’s Banca Monte dei Paschi...
German family kicked out of House to Accommodate Refugees
The Hejhal family is in shock. After Pentecost they received the notice of termination of renting contract of their apartment. So called refugees will move into the family’s former home.
Now, the family of eight has no choice but to quickly find a new home, as they unexpectedly and without sufficient time to react, received a termination notice.
The city Niederkassel, as landlord of the family’s...
Greek PM announces closure of banks and stock market
Greece has announced the temporary closure of banks and stock market as leaders of the US and Germany weigh in on the country’s debt crisis.
The Bank of Greece has recommended a “bank holiday and restriction of bank withdrawals” on Monday, Greek Prime Minister Alexis Tsipras announced in a statement on Sunday.
Athens stock market would also stay closed and capital controls are to...