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Athens mayor attacked over job cuts tied to Greece bailout

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Athens Mayor Giorgos Kaminis Greek staff unionists have physically assaulted Athens Mayor Giorgos Kaminis amid protests against job cuts tied to Greece’s bailout, officials say. The mayor’s office said Kaminis was “physically attacked” on Sunday while he was leaving a Confederation of Greek Municipalities (KEDE) meeting, where he held discussions about the austerity measures and their affects... 

Greece March Unemployment Rate Hits New Record 26.8%

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The unemployed make up nearly 6 in 10 young people under 25 years of age – unemployment continues to climb. The nightmare of unemployment does not end, especially among young people. For another month, Greece is … “the champion” in unemployment, with 26.8% of the working population without a job. 26.8% is an increase from the month before, February was 26.7% according to figures released... 

Eurozone unemployment hits previous high of 12.1% in May

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A homeless sleeps at the entrance of a bank in Milan, Italy on June 27, 2013. Recent figures released by the Eurostat data agency show the eurozone unemployment rate has hit its previous record-high of 12.1 percent in May. According to the data, the jobless rate rose 0.1 percentage in May after the previous months’ figures were amended down from 12.2 percent to 12.0 percent. Approximately 19.22... 

Italy unemployment rate hits new record high in May

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Italy’s unemployment rate has risen to a new record high in May as the country is struggling with a recession-hit economy following implementation of tough austerity cuts. The Rome-based national statistics office, Istat, said on Monday that the jobless rate rose to 12.2 percent in May from 12 percent in April, the highest since the institute started collecting data on Italy in 1977. The eurozone’s... 

Portuguese wage major strike against austerity measures

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Public service workers in Portugal have engaged in a general strike to protest government austerity measures that have led to the nation’s worst economic slump since the 1970’s. The Thursday protest effort, which was called by Portuguese trade unions, began peacefully although it brought the nation’s public transport system to a halt, prompting anger and despair among those who decided to go... 

Tens of thousands of Italians protest against unemployment, high taxes

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Italian students protesting against austerity measures Tens of thousands of workers and jobless people have taken part in a rally in the Italian capital, Rome, in protest against the country’s rising unemployment rate and unfair taxes. Italy’s three largest labor union confederations, the CGIL, CISL, and the UIL, organized the Saturday rally. The protesters slammed the government of Prime Minister... 

Thousands protest in Bulgaria demanding Prime Minister to resign

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Protesters attend an anti-government protest in downtown Sofia on June 16, 2013. Thousands of people have demonstrated in the Bulgarian capital for the eighth straight day, demanding the resignation of the government of Prime Minister Plamen Oresharski. Up to 10,000 protesters gathered in front of the government headquarters in downtown Sofia on Friday, shouting slogans against the government. The... 

Thousands of Spaniards hold anti-austerity protests in Madrid

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Thousands of Spaniards attend an anti-austerity demonstration in the capital Madrid, on June 16, 2013. Thousands of Spaniards have staged rallies across the country to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. The protests took place on Sunday in 29 cities including the capital Madrid, the country’s second-largest city, Barcelona,... 

1 in 6 UK children lives in poverty

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At least one in six children in Britain lives in relative poverty. At least one in six children in Britain lives in relative poverty, new figures released by the Department for Work and Pensions (DWP) have revealed. In 2011-12, 2.3 million or 17 percent of UK children were recorded as “living in homes with substantially lower than average income”. The figure rises to 3.5 million or 27 percent when... 

Italy economy shrinks more than previous forecast

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Italy’s economy shrinks more than previously estimated in the first quarter of 2013. Italy’s economy has contracted more than initially estimated in the first quarter of 2013, marking the seventh quarterly contraction in a row, the country’s statistical agency says. Figures from the national statistical agency, Istat, showed on Monday that Italy’s gross domestic product (GDP) shrank by... 

Eurozone unemployment rate hits record 12.2 percent

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People waiting in line at a government employment office in Spain. Fresh data reveal the eurozone unemployment rate has hit a record high of 12.2 percent in April, with around 19.2 million receiving government financial assistance as recession continues to take its toll on European economies. The Eurostat data agency said on Friday that a total of 1.6 million people have lost their jobs in the eurozone... 

3.26 million jobless in France in April: Labor Ministry

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An office of the French state-run employment agency, Pole Emploi, in the northern Paris suburb of Pantin. The French Labor Ministry says the number of unemployed people reached a record high of 3.26 million in April. The ministry said on Thursday that the number of registered jobseekers in the eurozone’s second-largest economy increased by 39,800 last month, marking the 24th consecutive monthly... 

British military presence in Afghanistan costs UK taxpayer £15m per day

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British military vehicles are parked in a compound in Camp Bastion, Afghanistan. An independent study has found that the UK military’s presence in Afghanistan’s Helmand province, where most British troops are based, has cost the country more than 37 billion pounds so far, local media reported. The author of the damning study entitled “Investment in Blood” said failing, bloody campaign... 

Obama Pulls $5.7 Trillion Heist While Americans Remain Asleep

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Ever since Barrack Obama took office as the President of the United States (POTUS) governmental spending has been out of control, as the men behind the curtain seek to squeeze every last drop of lifeblood from this once great nation. Although in some peoples minds governmental spending has always been out of control, the Obama Administration takes the cake. It’s a known fact that the federal debt... 

EU must tackle youth unemployment: European ministers

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Young Spaniards protesting against the government in Madrid. European leaders have warned that youth unemployment in the European Union (EU) must be tackled urgently, as nearly one in four young people in the bloc is out of work. At a conference in Paris on Tuesday, ministers from France, Italy and Germany said if the issue is not addressed at once, the young people in Europe will lose faith in their... 
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