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BRICS Economic Agenda: Participants to Discuss Greek Debt Crisis

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The Greek debt crisis, the expected lifting of sanctions on Iran and oil and stock market volatility will dominate the agenda of the BRICS summit which is opening today in Russia. During their two-day meeting in Ufa, the leaders of Brazil, Russia, India, China and South Africa will discuss closer industrial, technological and financial integration of their countries within the five-nation bloc. The... 

Russia vows to help Greece overcome financial woes

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Russian President Vladimir Putin has assured Greeks that he will support them in the financial hardships they face after the Greek people overwhelmingly voted “No” to further restricting terms of an international bailout program. In a phone conversation on Monday, Putin discussed the results of a Sunday referendum with Greek Prime Minister Alexis Tsipras, voicing his support for the Greek... 

Greeks say 'No' in crucial Bailout Referendum

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More than 61 percent of Greeks have voted “No” in Sunday’s referendum on the bailout deal and austerity measures, reported the Interior Ministry after almost 90 percent of the vote had been counted. Thousands of people took to Syntagma square in front of the Greek parliament in Athens to celebrate the ‘No’ vote, which was called “a big Yes to democratic Europe” by the country’s finance... 

Germany rules out Greek debt writedown

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German Finance Ministry spokesman Martin Jaeger. Germany has ruled out any restructuring of Greece’s debt to international creditors, despite a report by the International Monetary Fund (IMF) which shows the cash-strapped country is in dire need of debt cancellation. An analysis by the IMF, which was released in Washington on Thursday, showed that Greece needed an extra EUR 50 billion (USD 56 billion)... 

Bailout referendum rallies gather thousands in Athens

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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... 

​Netanyahu demands 'up to $45 bn' from US to stop Iran

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Israel is hoping to receive $4.2-$4.5 billion a year in military aid from the United States for ten years, to counter the threat from Iran and oil-rich Middle East states that have been re-arming rapidly, a senior Israeli source has told Defense News Under a 10-year deal signed in 2007, Israel receives just over $3 billion a year in American aid, with stipulations that over 70 percent of that aid... 

Greece has no money to make IMF payment, interior minister says

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Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF), as the country has no money to pay, the Interior Minister said. “The four installments for the IMF in June are 1.6 billion euros ($1.8 billion), this money will not be given and is not there to be given,” Nikos Voutsis told Greek Mega TV’s weekend show on Sunday. Asked about the... 

US to Deliver F-35 Fighter Jets to Israel in 2016

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US Vice President Joe Biden announced that the US government will provide F-35 fighter jets to Israel next year to the country a strategic advantage over its rivals in the Middle East. The US government will provide F-35 fighter jets to Israel next year to the country a strategic advantage over its rivals in the Middle East, US Vice President Joe Biden said during a speech celebrating Israeli independence. “Next... 

6 U.S. Banks Have 278 TRILLION Dollars Of Exposure To Derivatives

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The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail”... 

Germany to deliver submarine to Israel

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A German-made Dolphin-class submarine in the Mediterranean port city of Haifa. The German Federal Security Council has allowed the government to deliver another submarine to the Tel Aviv regime. The German daily newspaper Süddeutsche Zeitung reported on Friday that the government of German Chancellor Angela Merkel will export the fifth of six promised Dolphin-class submarines to Israel after the council... 

Illegal Aliens Can Get $24,000 In "Amnesty Bonuses" in America

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And all of us tax-paying citizens will be paying for it… President Obama, without consent of Congress or the American public for that matter, cleared the way for millions of illegal aliens to stay in the United States. He also opened the door for them to receive a massive amount of money from the American taxpayer, without having to do a damn thing. Now that illegal aliens are able to get Social... 

ECB to start printing €1.1 trillion next Monday

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Following a governing council meeting of the European Central Bank it was announced that quantitative easing will begin in the eurozone from next Monday. In a desperate move to stimulate the euro, the currency used by 19 EU countries, the ECB will print money to buy €60bn worth of bonds each month. The bank has raised its eurozone economic growth forecast for this year from 1% to 1.5% but ECB President,... 

Australia to cut free services for Aboriginals

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A view of the community of Mimili in the Anangu Pitjantjatjara Yankunytjatjara lands, a local Aboriginal area in northwest South Australia. The Australian government has decided to discontinue the provision of free water and electricity supplies to up to 200 indigenous communities, saying it can no longer afford the basic services, delegating it to state governments. The remote communities, located... 

Russia might bailout Greece

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Russian Finance Minister Anton Siluanov. Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia. “Well, we can imagine any situation, so if such [a] petition is submitted to the Russian government, we will definitely consider... 

US to give Israel $350 million for Iron Dome

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The US contractor for Iron Dome is Raytheon. The US Senate has approved a multi-billion-dollar military spending bill that includes $350 million for Israel’s Iron Dome missile system. The Senate passed the bill on Friday by a 89-11 vote. The bill was sent to the White House for President Barack Obama’s signature. The 2015 defense authorization bill also authorized $521.3 billion for Defense... 
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