UK Consumer Confidence Surges To 15-Year High In June: GfK

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British consumer morale surged to its highest in over 15 years this month as shoppers said they were ready to spend, a survey showed on Tuesday, adding to signs that growth is picking up after a weak start to the year. International Business Times – By Reuters, Luke MacGregor British household spending, the main driver of the country’s robust economic ... Read More »

Son of mafia boss did work experience at Australian embassy, investigation claims

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Investigation claims mafia links to senior Australian politicians The Independent – Siobhan Fenton   A number of links have existed between the Italian mafia and senior Australian politicians, it has been alleged. The relationship between the two groups was so close that the son of a “key mafia figure” completed work experience at the Australian embassy in Rome, despite the same ... Read More »

Europe’s Attack On Greek Democracy

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The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: it is about power and democracy much more ... Read More »

The Next Few Days Have the Potential to Transform Greece and Europe

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As it turns out, the Greek crisis ends not with a bang, but with a referendum. The New York Times - Neil Irwin It has been easy to ignore the doings in Greece for the last few years, with the perpetual series of summits in Brussels that never seem to resolve anything. But it’s time to pay attention. These next ... Read More »

Why Both Erdoganism and Kemalism May Finally Be Dead in Turkey

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Two years ago, protestors took over the streets of Istanbul, Turkey’s first city. Prime Minister Recep Tayyip Erdogan beat them down and last year was elected president. His critics feared his plan to invest the largely ceremonial post with Putin-like authority. Three weeks ago, however, Turkish voters revoked his party’s majority. A new government has yet to form. The Huffington ... Read More »

Goldman Sachs Eyes Tilt To EU If UK Backs ‘Brexit’ – Paper

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Goldman Sachs (GS.N) would shift resources towards locations in continental Europe and away from Britain should the country’s voters choose to end the country’s membership of the EU, a senior executive told the Frankfurter Allgemeine Sonntagszeitung. International Business Times – By Reuters “We would not completely leave Britain but we would certainly strengthen our presence in other locations within the ... Read More »

Deutsche Welle’s Bobs award honors online activists

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Raif Badawi, a 31-year-old Saudi blogger and the creator of the website Free Saudi Liberals, was sentenced to 10 years in prison and flogged in public 50 times simply for blogging about free speech. Sevil Erkuş – BONN Hurriyet He has 950 more lashes, which have been postponed due to Badawi’s poor health. The Saudi blogger was arrested in June ... Read More »

Greek Prime Minister Calls for Referendum on Bailout Terms

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ATHENS — In an unexpected move, Prime Minister Alexis Tsipras went on national television early Saturday to call for a referendum on July 5, so that Greek citizens can decide whether to accept or reject the terms of a bailout deal proposed by the country’s creditors. The New York Times - By JIM YARDLEY and NIKI KITSANTONISJUNE With his speech, ... Read More »

Weekend deadline for Greece after negotiations draw blank

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Finance ministers will meet on Saturday to attempt to thrash out a deal before Monday’s markets open The Guardian – Ian Traynor, Jennifer Rankin in Brussels and Helena Smith in Athens Greece’s creditors have set the country a weekend deadline to avoid default and stay in the eurozone, after more than 24 hours of non-stop Brussels negotiations at the highest ... Read More »