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Eurozone ‘may allow’ selective Greek debt default

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Eurozone finance ministers are open to the possibility of allowing a selective debt default in Greece within a new rescue plan for the country, the Dutch finance minister said Tuesday.

“It’s not excluded anymore, clearly,” Jan Kees de Jager said on arriving for talks with European Union counterparts, one day after eurozone ministers issued a statement vowing to ensure the stability of the single currency area.

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Eurozone ministers are scrambling to put together a new bailout for Greece that would involve the private sector, but they have been divided over whether they should exclude the possibility of allowing a partial default.

“We have managed to break the knot, a very difficult knot of a contradictory statement on the one hand… saying that you want substantial private sector involvement and on the other hand you have at all times to avoid a selective default,” De Jager said.

“Obviously this was a contradiction, so we have broken that knot and now we can do the work,” he said.

The position taken by eurozone ministers late Monday, he said, gives a “broader mandate” and “several options” to a working group that was tasked with coming up with proposals for the new bailout.

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The European Central Bank, however, has reaffirmed its opposition to a “credit event” or selective default in Greece.

“Obviously the ECB has stated in the statement that it remained in its position but the 17 ministers did not exclude that anymore so we have more options, broader scope to work with,” De Jager said.

Germany, the Netherlands and Finland have insisted on private sector involvement in the bailout, which is expected to come close to last year’s 110-billion-euro rescue, even if it means a selective default.

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‘Stand with Hong Kong’ shirts fill the stands at Nets game as NBA is protested for China subservience

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The National Basketball Association was protested on Friday for bowing to pressure from China.

The NBA has been harshly criticized for standing by the oppressive regime instead of standing in solidarity with the pro-democracy protesters in Hong Kong.

"Producer and activist Andrew Duncan bought 300 tickets to tonight's Nets vs Raptors game and is hosting hundreds of Chinese pro-Democracy activists to protest the NBA," New York magazine correspondent Yashar Ali reported Friday. "They're all wearing 'Stand With Hong Kong' T-shirts."

Photos from the protest:

1. Producer and activist Andrew Duncan bought 300 tickets to tonight's Nets vs Raptors game and is hosting hundreds of Chinese pro-Democracy activists to protest the NBA.

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Trump polling close friends over whether he should fire Mulvaney: report

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President Donald Trump is considering firing Mick Mulvaney, his acting White House chief of staff and director of the Office of Management and Budget, The Atlantic reported Friday.

"Mick Mulvaney's job was in danger even before his disastrous press conference yesterday, and his equally disastrous attempt to walk that performance back," The Atlantic reported. "The fumble could not have been more poorly timed: According to multiple current and former White House officials, many of whom spoke on the condition of anonymity to relay private conversations, Trump has been steadily souring on Mulvaney for weeks."

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Michael Moore predicts Mick Mulvaney will get into Heaven after confessing Trump’s quid pro quo

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Academy Award-winning filmmaker Michael Moore predicted acting White House Chief of Staff Mick Mulvaney will ascend to Heaven in the afterlife during a Friday interview on MSNBC's "The Beat" with Ari Melber.

The host played a clip of Mulvaney admitting Trump's quid pro quo while seeking foreign election assistance from Ukraine.

"This man obviously is going to be admitted into Heaven," Moore said. "You know, he told the truth."

"If there was a movie version of this, somebody stuck him with a needle just before he walked out onto the stage there, a truth serum needle, and he just went on and on saying, 'Yeah, that’s what we do. Yeah, of course.' Essentially admitting there is a quid pro quo. In fact, there are many quid pro quos."

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