Austerity Package

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  Greek Parliament Approves Bailout Measures as Syriza Fragments

  The Greek parliament passed sweeping austerity measures demanded by lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro, but dozens of hardliners in the ruling Syriza party deserted Prime Minister Alexis Tsipras.

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  IMF Calls for Greece Debt Relief Ahead of Bailout Vote

  The IMF's stark warning on Greece's debt came as Prime Minister Alexis Tsipras struggled to persuade deeply unhappy leftist lawmakers to vote for a package of austerity measures.

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  International Monetary Fund Calls for Greece Debt Relief Ahead of Bailout Vote

  An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.

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  No Basis Now for New Debt Talks With Greece: Germany

  Germany maintained a hard line today after Greece rejected creditors' austerity demands in a referendum, with Berlin saying there was currently "no basis" for talks on a new bailout package or debt relief.

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  No Basis Now for New Debt Talks With Greece: Germany

  Germany maintained a hard line on Monday after Greece rejected creditors' austerity demands in a referendum, with Berlin saying there was currently "no basis" for talks on a new bailout package or debt relief.

• Ajit Pawar's austerity talk ignored by his party

  At a time when several parts in the state are experiencing a drought-like situation and the state government announced Rs 10 crore relief package to tackle the situation in Pune division, it has been learnt that the Nationalist Congress Party (NCP) splurged lakhs on lavish buffets at the two-day state meet in the city.

• Greece approves tough salary, pension cuts

  Greece's Parliament late on Tuesday approved new cuts in public sector pensions and government spending required to secure a second package of international rescue loans.

• Greece: more ministers resign over austerity

  Two more Cabinet members have resigned in Greece to protest European Union demands for more austerity

• Greek debt crisis eases, but drama is not over

  Greece's political leaders struck a historic deal Thursday to make deep cuts in government jobs and spending to help save the country from a default that could shock the world financial system. The deal is one of two critical steps Greece must take to receive a euro130 billion ($170 billion) bailout from other countries in Europe and around the glo...

• Stocks slip on Wall Street as Greek talks drag on

  Stocks on the wall street are edging lower in midday trading as talks drag on over a new austerity package

• President Sarkozy tries to limit damage after France downgrade

  He justified pushing through two austerity packages as necessary to defend France's triple-A rating.

• Global stocks get boost from US economy hopes

  Global stocks advanced Friday on further signs the U.S. economy is improving, but trading activity was muted.

• Greek crisis: Civil servants walk off job in protest

  Greek civil servants walked off the job for three hours on Thursday to protest austerity measures

• Italian govt calls confidence vote on austerity

  The Italian government on Thursday called for a vote of confidence on an austerity package for the debt crisis

• Monti takes austerity plan to skeptical Parliament

  Italy's Premier Mario Monti takes a package of austerity and growth-boosting measures to a skeptical Parliament on Monday as Europe enters a crucial week aimed at saving the euro.