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Greek Protests Turn Violent Ahead of Austerity Vote

Posted November 7th, 2012 at 4:25 pm (UTC-5)
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More than 80,000 Greek protesters fought with riot police outside parliament as lawmakers get ready to vote on another package of deep spending cuts and tax increases. Protesters in Athens Wednesday threw firebombs at police who responded with tear gas and stun grenades. Many Greeks are angry at the idea of having to endure more […]

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Greek Protests Turn Violent Ahead of Austerity Vote

Posted November 7th, 2012 at 2:45 pm (UTC-5)
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More than 80,000 Greek protesters are clashing with riot police, as lawmakers prepared to vote on a new austerity package required for another infusion of bailout funds from the European Union. The demonstrations outside the parliament building in Athens turned violent, as protesters threw fire bombs at police, who responded with tear gas and stun […]

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Greek Lawmakers to Vote on New Austerity Measures

Posted November 7th, 2012 at 9:55 am (UTC-5)
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Greek lawmakers are preparing to vote Wednesday on new austerity measures required for another infusion of bailout funding from the European Union, as a public workers’ strike is in its second day. Prime Minister Antonis Samaras is expected to narrowly win support for the austerity package, which includes $17 billion in cuts to spending, benefits […]

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Greek Workers Strike as Parliament Debates Cuts

Posted November 6th, 2012 at 11:30 am (UTC-5)
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A 48-hour public workers’ strike has begun in Greece, as lawmakers discuss a new round of austerity measures required for another infusion of bailout funding from the European Union. Police and anti-riot troops were out in force across the capital, Athens, Tuesday as more than 35,000 people marched through the city in two separate demonstrations […]

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Greek Workers Strike as Parliament Debates Cuts

Posted November 6th, 2012 at 6:55 am (UTC-5)
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A 48-hour public workers’ strike has begun in Greece, as lawmakers discuss a new round of austerity measures required for another infusion of bailout funding from the European Union. It is the third general strike in the past six weeks. Lawmakers began Tuesday to debate the austerity bill, which includes $17 billion in spending, benefit […]

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Greek Workers Strike Ahead of New Austerity Vote

Posted November 5th, 2012 at 1:50 pm (UTC-5)
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Greek public transport workers and journalists have launched a week of strikes against a new round of austerity measures the Athens government is seeking to impose. Tram and metro stations throughout the capital were closed Monday, and journalists began a 24-hour walkout over job layoffs. A 48-hour strike is set to begin Tuesday, including a […]

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Greek Transit Workers Strike

Posted November 2nd, 2012 at 10:55 am (UTC-5)
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Greek transit workers struck Friday in the first of what labor officials say will be a new wave of protests against austerity measures the Athens government is seeking to impose. Subway and suburban rail service in Athens was halted as engineers protested labor reforms that Greece’s lenders are demanding in exchange for handing the country […]

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Eurozone Jobless Rate Hits Record High

Posted October 31st, 2012 at 2:55 pm (UTC-5)
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Unemployment in the 17-nation euro currency bloc is rising. The European Union said Wednesday that the jobless rate in the eurozone hit 11.6 percent in September, up a tenth of a percentage point from August — a record high. The EU said another 146,000 workers lost their jobs, leaving more than 18 million people out […]

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World Finance Chiefs Meet In Germany On Global Economy

Posted October 30th, 2012 at 9:00 pm (UTC-5)
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German Chancellor Angela Merkel hosted the heads of global financial bodies Tuesday in Berlin to discuss ways of reviving the western world’s stagnating economy. The chief of the International Monetary Fund, Christine Lagarde described the economic growth in recent years as “tepid” and recovery from the financial crisis as “laborious.” She urged the world’s major […]

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Greek PM Says Debt Deal Reached with Lenders

Posted October 30th, 2012 at 1:15 pm (UTC-5)
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Greek Prime Minister Antonis Samaras says he has reached agreement with the country’s international lenders on a new austerity plan, but his government’s junior partners immediately balked at the deal. Mr. Samaras said Tuesday that the government had completed negotiations with European Union and International Monetary Fund leaders on $17 billion in spending cuts and […]

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