The debt crisis continues in Greece, with the Greek government unable to agree on an additional €11.5 billion of austerity, even as unions call for strikes this week against any proposed cuts. The government has, however, managed to abolish special union pensions. Meanwhile, within the next year or so, recently built Greek houses are expected to have lost 40% of their value compared with 2008.
In other news, just before leaving for a visit to the UN in New York, Egyptian President Mohammed Morsi strongly criticized the Middle East policies of the United States, saying that they have aroused the dislike or even hatred of people across the Arab world.
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