Now that the EU (read: Germany) has taken the responsibility for bailing out Greece, it insists that the Greeks must cut their deficit by 4%. The country’s deficit in 2009 is now calculated to have been 13.6% of GDP, which is 0.7% higher than originally reported to the EU, and the figure may have to be revised even further upwards. Meanwhile, Greek government employees are on strike for the fourth time so far this year to protest the austerity measures that will be required to drive down the deficit.
In other news, Irish bishop James Moriarty has resigned, saying that he failed to do enough to prevent the cover-up of the scandal of child sexual abuse among Irish priests.
Thanks to C. Cantoni, heroyalwhyness, ICLA, Insubria, Takuan Seiyo, TV, and all the other tipsters who sent these in.
To see the headlines and the articles, open the full news post.
Commenters are advised to leave their comments at this post (rather than with the news articles) so that they are more easily accessible.
[This post is a stub — nothing further here!]