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Greece Looks to Coalition Deal to Restore Political Stability

Greece has announced that a new coalition government shall be formed. This is despite the fact that the PM, George Papandreou, survived a vote of no-confidence.  He was under no obligation to pursue the formation of a coalition government but felt it was the best course of action for Greece. This coalition agreement raises two questions. What is the nature of the coalition? […]

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G20 Has Limited Success

The G20 have met in Cannes in hope of providing strong leadership in the troubled times the world currently faces. The G20 is made up of the 20 most powerful nations in the world, including powerful developing nations such as Brazil and India. The leaders of the set countries spend a huge amount of time exercising their diplomatic muscles in the hope that an […]

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Greece Faces its Darkest Hour

As the night comes in Athens the rumours continue on the imminent departure of PM, George Papandreou. A combination of international and domestic pressures have put a huge amount of stress on the office of the PM. At home, members of the government are furious that he is risking Greece’s membership not just of the euro zone […]

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Greek PM to Resign in Next Half an Hour

The BBC are reporting that Greek PM, George Papandreou, is to offer his resignation in the next half an hour. The announcement is expected to come after an emergency cabinet meeting. The under fire PM will then meet Greek President, Karolos Papoulias, to formally announce his resignation. Papandreou has been under heavy criticism since announcing there […]

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World Economy Rests in the Hands of the Upcoming Greek Referendum

The Prime Minister of Greece, George Papandreou, has today announced that he will hold a national referendum on whether or not Greece will accept the new EU bail out package. Although this isn’t a new trick for politicians, former British prime minister Harold Wilson did just that in 1975. The benefit for Greece’s Prime Minister is that he is isn’t responsible for the outcome of the vote, Greece’s population is as a whole. […]

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Cameron Propose Three Point Plan to Revive the British Economy

In an article in today’s Financial Times David Cameron proposed a three-point plan to solve Britain’s economic problems. The three points he proposes are deficit reduction, increase competitiveness and increasing global trade. Cameron attributes the fact that Britain still has a triple AAA credit rating to the deficit reduction plan. He argues that the USA recently had its triple AAA rating reduced because it couldn’t install the […]

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Qantas Ordered Back To The Skies

Australian airline Qantas has been ordered to return to normal service after an emergency tribunal in Melbourne. Fair Work Australia made their decision after hearing evidence from unions, government officals and the airline themselves. According to the BBC some 70,000 people have had their flights cancelled in 22 countries. The dispute is rumoured to be […]

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