Protesters occupied the Ministry of Finance building in downtown Athens, took down the EU flag, prevented employees from entering, and called for a general strike. All this occurred just as the “troika” — the EU, the ECB, and the IMF — announced that Greece had met its austerity requirements and would receive the next €12 billion tranche of bailout loans. One of the criteria required of Greece was to change the definition of its “border areas” so as to allow more foreign purchase of real estate. In particular, some of the islands in the Aegean coast area were reclassified so that Turks could buy property there.
Meanwhile, Moody’s further downgraded its ratings for eight Greek banks.
In other news, bean sprouts are now considered to be the most likely source for the E. coli bacteria that caused the current outbreak in Europe, which has killed at least 22 people.
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