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Greek parliament passes austerity plan

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The Greek Parliament voted in favor of the austerity measures by a narrow margin. The Greek parliament has voted in favor of new austerity measures, in a move that is expected to infuriate thousands of demonstrators outside the parliament. The austerity measures were approved on Wednesday with 155 votes in favor, 138 against and seven abstentions. Greece’s newly-approved austerity plan is worth... 

Greek Riots Continue

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Massive public demonstrations against new austerity measures have gripped Athens. Riot police have detained 18 people so far, and 4 policemen have been hospitalized with injuries. RT is joined by financial journalist Petros Papaconstantinou, columnist at an Athens newspaper, for more on the situation in Greece.  Read More »

Greece declares war on austerity cuts

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Greece, Athens: Communist-affiliated unionists rally toward the Greek parliament on June 28, 2011. Greek trade unions have begun a 48-hour general strike against new austerity cuts which are due to go to a crucial vote on Wednesday. Some protesters are warning they will try to prevent MPs from entering the parliament. The strike is due to disrupt and even halt the work of most public services in Athens,... 

IMF: Europe must deal with Greece or suffer

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Trojan horse: IMF has warned the Greek crisis could spark a new financial panic. Europe’s political elite is ‘playing with fire’ through its failure to tackle the economic crisis engulfing Greece, the International Monetary Fund has warned. The Washington-based watchdog predicted that a fresh round of turmoil would spread through financial markets unless European leaders shore up the stricken... 

Greek Prime Minister to form new government

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Greek police forces face anti-austerity protesters on June 15, 2011. Greek Prime Minister George Papandreou has announced that he is to form a new government and push forward tougher economic measures despite anti-austerity protests in the country. Papandreou plans to form a new cabinet and to seek a confidence vote from his Socialist Party in an attempt to continue austerity plans to reduce the country’s... 

German Parliament Backs Second Bailout for Greece

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Finance minister urges MPs to support deal and pledges that investors will share burden. German Finance Minister Wolfgang Schaeuble told his country’s Parliament on Friday that MPs had a duty to approve a new aid package for Greece and that private creditors must carry some of the burden. Agence France-Presse reported that in an impassioned speech to deputies who later approved a non-binding motion... 

Greek government faces revolt over second wave of austerity measures

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Greek protesters hold a demonstration in front of the old university in Athens, Greece, on May 31, 2011. The protest was organized by Greek academics against austerity measures and was joined by thousands of Greek citizens. Greek prime minister outlines programme of state sell-offs and further belt-tightening. With protests dividing his own party and tens of thousands taking to the streets, Greece’s... 

Merkel blasts 'lazy' Greece and Portugal

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German Chancellor Angela Merkel has this week sparked a wave of outrage across Europe by calling on Portugal, Spain and Greece to raise their retirement ages and reduce their leave. She warned that German aid to these countries could be cast into doubt should southern European countries fail to adopt the work ethic of her countrymen. “It’s not just about getting any further into debt in... 

Russia sentences Israeli to 18 years for sex trafficking

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Avi Yanai (right) got only 18 years for ruining the lives of "hundreds of women". That means a few months for each life ruined. A few hours or days for every rape these women experienced. A military court in Russia has sentenced an Israeli citizen to only 18 years in prison for running a vast network of female trafficking in the Middle East and Europe. Aside from Yanai, 83 people were arrested... 

Amid worries, Greece gets Turkey’s backing on border fence plan

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Turkey has indicated consent to Greek plans to fence part of its border, with Prime Minister Recep Tayyip Erdoğan voicing understanding of gravity of the illegal immigration problem that Athens has been facing. Yet, the plan continues to spark the concern of humanitarian agencies, who say the fence could prevent asylum seekers from reaching safety. Greece said last week it planned a fence along its... 

Greece plans border fence to keep out illegal immigrants

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Human rights activists say Greek detention camps are full The Greek border with Turkey is among the most popular destinations for illegal immigrants to the European Union. Now a Greek minister says the country wants to build a 206-kilometer fence to keep them out. Greece is planning to build a fence along its border with Turkey to keep out illegal immigrants, Citizen Protection Minister Christos Papoutsis... 

Senior Greek priest blames Jews for Greece's financial problems

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Metropolite of Piraeus Seraphim Metropolite of Piraeus Seraphim says Hitler was just a Zionist instrument to convince the Jews to leave Europe to Israel and ‘establish the new Empire’, JTA reports. A leading priest in Greece said that the world Jewry was to blame for the country’s financial problems, the Jewish Telegraphic Agency reported on Wednesday. While being interviewed on a... 

Greece halt international mail deliveries after militants send bombs to Euro leaders

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Shutdown: Bologna airport was shut on Tuesday after a cargo plane was held on the runway and searched for a parcel, believed to be a mail bomb, addressed to Italian Premier Silvio Berlusconi Greek authorities have halted international postal deliveries for 48 hours in the wake of a militant bombing campaign. At least 11 mail bombs were sent to embassies in Athens yesterday, while devices were also... 

Israeli-US-Romanian military drill said simulating an attack on Iran's nuclear facilities

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Romanian gendarmes guard a path leading to the crash site. An open source intelligence report says the Israeli military helicopter that crashed in Romania last week was simulating a military attack on Iran. On Monday, six Israeli soldiers and a Romanian flight captain aboard a CH-53 transport helicopter were killed when the chopper crashed in a mountainous region of central Romania. The Jerusalem-based... 

Eurozone jobless figure reported at record high

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Eurozone’s unemployment figure continues to linger as around 16 million Euro currency users are still out of work, official data shows. Unemployment across the 16 countries which share the Euro stuck at a record 10 percent in May for the third month running, European Union data showed on Friday. The area’s unemployment rate has remained at its highest level since the creation of Euro in... 
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