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The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was “catastrophe”.
All eyes will now be on parliament, which is scheduled to vote on the bill on Sunday. Analysts expect the deeply unpopular package to be adopted but Greek politics remain highly unstable.
OECD: Greece Seen in Recession Until Mid-2013Greece's battered economy will keep shrinking until mid-2013 as fiscal belt-tightening continues to weigh while austerity fatigue may hamper the pace of reforms, the ... 
IMF to Review Greek Progress After June ElectionsThe International Monetary Fund will not return to Greece to review its loan program before Athens holds fresh elections on June 17, an IMF ... 
Greece's Transition Government Sworn In as New Campaign StartsATHENS - Greece’s interim Prime Minister Panagiotis Pikramenos has announced the caretaker government that will be in charge of Greece until June 17 elections, ... 
German FM Westerwelle Wants Greece to Stay in Euro ZoneGerman Foreign Minister Guido Westerwelle said on Wednesday that it was up to Greece if it wanted to stay in the euro zone."We want ... 
Foreign News Media React to Greek Election ResultsThe Greek election results have become the main focus of international news agencies around the world with special reports commenting on the new political ... 
Reuters: Banks Prepare for the Return of the DrachmaBanks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted ... 
Samaras Makes Last Pitch to VotersThe head of Greece's conservatives said Thursday his party aimed to win enough votes in Sunday's election to govern alone with a "strong mandate," ... 
IMF: 'No More Payments If Greece Disagrees With the Measures'"The IMF is threatening Greece that they will stop paying installments if the new government disagrees with the future austerity measures," reported an IMF ... 
Tsipras Woos Partners But Says No Bailout DealSYRIZA leader Alexis Tsipras (C) is the man in the spotlight in Greece now ATHENS – Greece’s new power broker, SYRIZA party leader Alexis ... 
Crisis, Taxes and Poor Clergymen. Or Maybe Not?In Greece during 2012, austerity measures, political and financial scandals, wage cuts and Greeks committing suicide are on the front-pages.While Greek politicians give interviews to ... 
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05 / 23 2012 Blue Flags: Greek Beaches and Marinas Rank Second in the World
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