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Greek economy in dire shape ahead of confidence vote

The Greek economy shrank 5.2 percent in the third quarter, official figures showed on Tuesday, highlighting the depths of the crisis as parliament debates approval of a new government to enact a debt rescue. Athens is racing against time to adopt deeply unpopular reforms demanded by its European and IMF…

Italy’s Berulsconi faces confidence vote

Italian Prime Minister Silvio Berlusconi faces a crucial confidence vote amid infighting in his ruling coalition as well as growing criticism over his handling of the economy and mounting legal scandals. Barring any major upsets, Berlusconi’s majority is expected to pass the vote but the margin is likely to be…