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eurozone bailout News

Op-Ed: Europe's ‘austerity’ backlash means trouble for the world

Sydney - France and Greece have shown clearly how the public reacts to “austerity”. The maniacal targeting of the poor and total disregard for public welfare in Greece has demolished the two main parties there. France has answered austerity with venom.

Greece agrees to new coalition government under new leader

An agreement was reached on Sunday night for Greece to form a new interim coalition government. Prime Minister George Papandreou has agreed to stand down, and the new leader will be announced on Monday.

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