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The Troika ( European Union, the European Central Bank and the International Monetary Fund)are on a promise to Geitner to do everything to keep the EURO stable until at least the election, so as not to damage Obamas re-election chances, in return for which the bailout funds will be extended to Europe. You can sleep soundly at night from now on just listening to the printing presses purring away in overdrive. Greece lawmakers back austerity cuts amid protests Lawmakers in Greece have narrowly backed a fresh round of austerity measures, despite violent protests across the country.
The austerity package aimed at securing the next round of bailout funds was passed with 153 MPs in favour - a majority of just three.
The 13.5bn-euro ($17.3bn; 10.5bn) bill includes tax rises and pension cuts.
Earlier, riot police fired tear gas towards protesters when they were attacked with petrol bombs in Athens.
Posted by tipper 2012-11-08 01:04||
#2 Greece is bankrupt.
They cannot pay.
Write off the debt.
Do not lend them more.
Posted by Bright Pebbles 2012-11-08 11:17||