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Greeks vote for more economic pain


Over the course of five days, the Greek government -- led by the understated conservative Prime Minister Antonis Samaras -- overcame two high hurdles in a dash to qualify for the austerity program set out by the so-called troika, made up of the European Central Bank, the International Monetary Fund and the European Commission.


Political Tensions Surface Over Euro Crisis

The president of the European Commission sharply criticized Britain for blaming its economic problems on the euro zone, and warned against efforts to divide European nations.


Brussels, Berlin tell Europe to stick to austerity

Jose Manuel Barroso

Germany and the European Commission on Tuesday called on EU nations to stick to their promised budget cuts despite mounting voter discontent, but promised some new efforts to boost growth to alleviate economic hardship.


EU regulators raid banks in interest-rate probe: report

EU regulators raid banks in interest-rate probe: report

The European Commission seized documents from several major banks on Tuesday, marking the intensification of a world-wide law-enforcement probe into how key interest rates are set, the Wall Street Journal said, citing people familiar with the situation.


Greece to stay in euro - Barroso

European Commission chief Jose Manuel Barroso tells MEPs that Greece will stay in the eurozone but warns the EU is facing its "greatest challenge".


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