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Evangelos Venizelos: Anyone against our bailout plan is the equivalent of Golden Dawn

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These unscrupulous and heartless puppets of the pro-bailout coalition, are the willing servants and agents of the international loan sharks who fanatically obey the wishes of their masters and desperately fight the Golden Dawn, because they know that we are the only barrier to their unpatriotic plans. One of the most ardent supporters of foreign occupation forces, is the megalomaniac “Il Duce”... 

IMF approves €84.7mn Cyprus bailout loan

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The bailout would save Cyprus from bankruptcy and possibly guarantee its future in the eurozone. International Monetary Fund (IMF) has agreed to grant 84.7 million euros (USD 113.1 million) in financial aid to Cyprus, as part of a 10-billion-euro bailout program to the debt-stricken country. On Monday, the IMF said it agreed, in partnership with the European Union, on the bailout package for Cyprus,... 

Greece will need more rescue funds after 2014: EU official

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A woman holds the Greek flag during an anti-austerity protest, July 13, 2013. A European Union official says Greece will need more rescue funds from its international creditors as the current rescue loan program expires at the end of 2014, amid economic slump in the European country. “Greece’s trouble will not have been completely resolved by 2014. It’s realistic to assume that additional... 

Greece may get third bail-out as Germany signals $328bn wasn’t enough

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German finance minister, Wolfgang Schäuble, has unexpectedly said that Greece will need more financial help, admitting for the first time that $328 billion pledged so far won’t be enough to save Greece from bankruptcy. Schäuble’s surprise admission of this deeply unpopular prospect comes at a sensitive time for his party. Germany will hold a general election on September 22. “There... 

Greece to need more bailout loans by start of 2014: Germany's central bank

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A German flag flies in front of the Bundesbank headquarters in Frankfurt. A report has revealed a document showing Germany’s central bank predicts that the recession-hit Greece will need more rescue loans from its international creditors by the start of the next year. According to the report published by prominent German magazine Der Spiegel earlier this week, the document from the Bundesbank... 

Egypt Central Bank receives USD 2 billion from Saudi Arabia

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Supporters of Egypt’s deposed President Mohamed Morsi walk past his portrait during a protest outside a mosque in Cairo on July 23, 2013. Saudi Arabia has transferred USD 2 billion to the Egyptian Central Bank as part of an aid package Riyadh has pledged to Cairo following the ouster of President Mohamed Morsi. The USD 2 billion of Saudi funds arrived in the form of a five-year interest-free... 

Greek civil service workers go on strike over massive layoffs

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Protesters attend a demonstration in Athens, Greece, July 8, 2013. Tens of thousands of Greek municipal workers have staged a strike to protest against the massive public sector layoffs enacted by the government in order to secure promised loans. Greek civil servants including policemen and schoolteachers took to the streets outside the Administrative Reform Ministry in Athens on Monday, as the government... 

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... 

Banking scandal hits Ireland

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The global banking crisis of 2008, caused by the reckless behaviour of American lenders, spread shockwaves around the world that are still being felt today. Banking giants such as Lehmann brothers & Bear Stearns collapsed and other banks scrambled to secure ‘bailouts’ from their governments to avoid going the same way. In Ireland, the downturn in the property market caused the Anglo Irish... 

Germany agrees to pay $1 Billion in additional reparations to Jews

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The German government has struck a deal with the “Jewish Claims Conference” that will pay 772 million Euros (1 billion dollars) over 3 years as additional reparations to solely Jewish individuals that lived in German occupied territories in World War II. This money is not only for Jews that were imprisoned in concentration camps, but also applies to Jews who lived in open Ghettos within the German... 

EU releases bailout funds for Cyprus

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Cypriot women hold a protest outside the parliament, which was to debate a 10-billion-euro EU bailout, in the capital Nicosia on April 30, 2013. The European Union has handed over the first installment of a 10-billion-euro bailout to Cyprus as part of the aid package agreed earlier this year. The bloc’s European Stability Mechanism said in a statement on Monday that Cyprus received two billion... 

74 people killed, 99,043 others displaced by flash floods in Kenya

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At least 74 people have been killed and more than 99,000 others displaced as flash floods triggered by heavy downpours struck a number of areas in the East African state of Kenya. The Kenya Red Cross Society (KRCS) said on Friday that 40 people have been killed so far in Rift Valley, 21 in Eastern Kenya, and seven in coastal regions. The agency said the floods have also claimed four lives in Western... 

Cyprus to grant citizenship to biggest foreign bailout losers

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Cyprus will offer citizenship to foreigners who lost at least €3 million in state banks under the bailout deal, the country’s president has announced. The new measure, to a great extent affecting Russians, is expected to be approved on Monday. In remarks to Russian businessmen and media in the city of Limassol, President Nicos Anastasiades stated that his cabinet is seeking to approve the relaxation... 

Cypriot president's family to be probed

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Cypriot President Nicos Anastasiades Cypriot President Nicos Anastasiades says no one, not even members of his own family, will be immune to investigations of alleged financial wrongdoing in the run-up to an international bailout deal. Anastasiades made the remarks on Monday evening in reaction to reports accusing his relatives of transferring millions of euros out of the island state to London. A... 

President slashes own wages as Cypriots face €300 daily cash limit

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Cypriots queue for banks, which reopened after 12 days Thursday, as President Nicos Anastasiades cuts own wages by 25%. The Cypriot foreign minister promises banking restrictions will be lifted in “about a month”. A European Central Bank (ECB) spokesman confirmed that 5 billion euros were flown into Cyprus from Germany late Wednesday in time for the reopening of the banks on Thursday, The ECB... 
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