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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  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.

• 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.

• So far, Heathrow escapes chaos despite huge strike

  Airline passengers arriving in Britain escaped chaos early Wednesday despite dire predictions of long waits, as border staff joined teachers, hospital workers and weather forecasters in the country's largest strike in decades. The one-day strike has been called in protest at the government's plan to make public sector pensions less generous in the ...

• Italian Senate passes key austerity package

  The Italian Senate on Thursday approved a crucial euro70 billion ($99 billion) austerity package aimed at convincing investors that the eurozone's third-largest economy won't be swept into the debt crisis.

• Greece clears final hurdle to get bailout funds

  Greece bought itself time to deal with its crippling debt crisis on Thursday after lawmakers passed the second and final austerity bill essential for the release of crucial bailout funds and prevent the country from defaulting next month.The European Union (EU) and the International Monetary Fund (IMF) had demanded Parliament pass two bills - an au...