Greece has failed to lay off enough state employees to comply with the Troika’s austerity requirements. The IMF, the ECB, and the EU insist that the Greek government must lay off 150,000 additional civil servants. In parallel news, the Fed has decided to leave interest rates unchanged, citing possible contamination from the European debt crisis as one of the potential risks requiring that borrowing costs remain low.
Meanwhile, in the city of Nanterre in France, 350 Muslims gathered to pray in front of the city hall, demanding that the authorities legalize a mosque that has hitherto been operating illegally.
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