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Greek Parliament Passes Thrid Harsh Austerity Package

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A general view of the Greek parliament during a vote on new austerity measures in Athens on November 7, 2012. The Greece parliament has adopted an 18.5-billion-euro (23.6-billion-US dollar) austerity package amid clashes between police and angry protesters in the capital Athens. On Wednesday, the Greek lawmakers voted for the bill that cuts pensions by up to 15%, reduces some wages by a third, and... 

EU jobless rate to peak at about 12% in 2013

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Reuters polls show that the global economy is expected to improve only slightly in 2013. New projections on unemployment in eurozone show that the jobless rate among member countries will hit a new peak at about 12 percent next year. The European Union’s autumn forecast on Wednesday said that unemployment would hit a new peak at 11.8 percent among the 17-nation EU in 2013 and go down slightly to... 

Greek police clash with protesters in Athens

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Riot police stand guard as demonstrators march in front of the Greek parliament in central Athens during protests against new austerity measures on November 6, 2012. Greek police have clashed with angry protesters in the capital city, Athens, as the country’s lawmakers begin debating new austerity measures. Clashes broke out outside the Greek parliament after tens of thousands of anti-austerity protesters... 

Greeks kick off new wave of strikes against austerity measures

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People walking by closed shops in Athens during the 24-hours general strike. Greeks have kicked off a new wave of strikes to protest against fresh austerity measures due to be presented by the government to the parliament. The work stoppage began on Monday as the metro in the capital Athens was shut and taxi drivers halted services. There was also a media blackout on Monday as journalists stopped working... 

Greece Public Debt And Deficit Worse Than Estimated

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Provisional figures released by Greece’s national statistics authority have shown the country’s deficit and public debt for 2011 are worse than estimated. According to provisional data published by ELSTAT statistics agency on Monday, the 2011 deficit stood at 9.4 percent of gross domestic product and the public debt at 170.6 percent. “The revisions as regards the debt ratios are primarily... 

Thousands across Greece protest austerity measures

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Youths have clashed with the Athens police force, pelting officers with stones and petrol bombs during an anti-austerity march. More than 40,000 have taken to the streets in Greece in a 24-hour strike against wage and pension cuts. Anti-austerity activists faced down police officers, throwing Molotov cocktails and rocks in the center of Athens. Police responded by firing teargas and stun grenades... 

Greeks angered by Christ blasphemous theatre play

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Tensions have risen in the Greek capital city of Athens over a blasphemous American play which portrays Jesus Christ as homosexual. Late on Friday, police briefly arrested more than 30 people outside an Athens theatre, where the play Corpus Christi was staged, who were calling on authorities to ban the show. Also on Thursday, the Greece’s nationalist Golden Dawn (Chryssi Avgi) Party had sent several... 

Police, pensioners clash over austerity measures in Athens

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Greek pensioners shout slogans while marching in central Athens to protest the new austerity cuts on October 8, 2012. Greek police in the capital city of Athens have clashed with pensioners protesting against the government’s new round of austerity measures. On Monday, hundreds of Greek pensioners staged a rally outside the office of the European Union (EU) in Athens where police officers used batons... 

Clashes erupt as thousands rally in Athens, firebombs set national park ablaze

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A rally in the Greek capital turned violent when protesters in Syntagma Square lobbed Molotov cocktails at police. Thousands gathered in front of parliament for the country’s biggest anti-austerity protest since the new government came to power. Sporadic clashes erupted in different parts of Athens Syntagma Square, with demonstrators throwing fire bombs at police. Witnesses reported smoke rising... 

Greece demands Billions of Euros for German WW2 crimes

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German tanks rumbling through the historic streets of Greek capital Athens as the conquering soldiers stage a victory parade in 1941 Greece has threatened to hit Germany with a bill for tens of billions of pounds in outstanding reparations for Nazi war crimes during the Second World War. The move is an indication of growing outrage in Athens at the strictures being placed on the Greek economy by EU... 

Top German Court Approves €500 Billion Eurozone Bailout

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Germany’s Constitutional Court has ruled that the €500-billion bailout is legal under German law. The verdict comes as Greece’s coalition government hesitates on the further austerity cuts required by its creditors. The verdict ruled that the German government will not be liable for sums over 190 billion euros without approval of the Bundestag, and that both houses of parliament would be informed,... 

Greece hands over new austerity package to auditors

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Greek Finance Minister Yiannis Stournaras talks to the press after meeting with the EU-IMF-ECB troika at the prime minister’s office in Athens on September 10, 2012. Greek Finance Minister Yannis Stournaras says the cash-strapped euro member has offered its multi-billion-euro austerity program to its troika of international auditors. “We have submitted the 11.5-billion-euro ($14.7 billion)... 

Greeks take to streets in light of new budget cuts

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Thousands have taken to the streets throughout Greece to protest the drastic budget cuts proposed by the government. In Athens some 2,000 pensioners marched through the city to protest newly introduced pension cuts. It was announced that those who earn more than 1,000 euros a month will have 10 percent of their pensions axed. This is despite a 25 per cent cut over the last two years. “They have... 

Greek crackdown on illegal immigrants, Thousands arrested

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A migrant holds his papers ready for the ID-check, which has been instigated following an estimated 100,000 illegal immigrants slipping into Greece each year. Greek authorities have this week begun one of the country’s biggest crackdowns yet on illegal immigrants; they have so far deployed some 4,500 police around Athens and have detained more than 7,000 immigrants in less than 72 hours, the... 

German minister says disappointed with Greece reforms

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“German” Minister of Economy Philipp Roesler has expressed disillusionment with debt-ridden Greece’s endeavors to implement reforms to save its economy. “I’ve lost my illusions,” Roesler told the weekly magazine Focus in an interview to be printed on Monday. “I proposed with German businesses a whole series of support measures for the Greek government,” he said. “The... 
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