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Thursday, November 8, 2012

Greece passes more austerity, unemployment keeps climbing.

 In the face of some of the heaviest protests yet, Greece's Parliament - as expected - last night passed austerity measures demanded by the Troika. The action should set the stage for release of the next tranche of bailout funds. Separately, unemployment rose to a fresh record high of 25.4% in August, with the youth rate at 58%. There are now more Greeks without jobs than with.

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