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Greek debt crisis: eurozone ministers meet amid deepening gloom

Finance ministers to throw Greece a €12bn lifeline but meeting marked by pessimism over fate of euro Europe’s single currency governments are expected to throw Greece a summer lifeline, agreeing to disburse €12bn by next month to keep the debt-stricken country from going broke and triggering an international crisis. But the meeting in Luxembourg of finance ministers from the 17 eurozone countries also faced the much bigger challenge of trying to structure a new three-year bailout for Greece in a way that would persuade European banks, pension funds and other private creditors to roll over the country’s ballooning debt. The Eurogroup meeting took place amid a mood of growing futility over Greece and pessimism over the fate of the euro. “We wouldn’t be able to control an insolvency,” warned the German chancellor, Angela Merkel. “We all lived through Lehman Brothers. I don’t want another such threat to emanate from Europe.” Jean-Claude Juncker, the Luxembourg prime minister who heads the Eurogroup, said that Italy and Belgium, rather than Spain, could be at risk if the new bailout being negotiated for Greece involved losses for creditors and the financial markets then declared Greece to be in default. On Friday in Berlin, Merkel admitted defeat in a fight with the European Central Bank, dropping German insistence that the international banks should take part in the proposed bailout by swapping existing bonds for new paper with a seven-year maturity, giving Greece time to try to recover. At the weekend she reiterated that private creditor involvement should be “substantial”, but admitted there was no way of ensuring this. Germany is the biggest player in bailing out Greece, but the commitment of taxpayers’ money is deeply unpopular. Merkel’s volte-face on Friday earned her biting criticism in the weekend media. After a year in which Greece has already received €53bn in bailout funds, only to see the crisis worsen, doubts are growing over whether the embattled Greek government will be able to deliver the savage spending cuts being demanded as the price of rescue. Amid a sense of deepening panic and gloom, leading European industrialists are to take out full-page adverts in the French and German press on Tuesday pleading for intervention to save the euro. “A return to a stable financial situation will cost many billions of euros, but the European Union and our common currency are worth every effort,” says the advert. Top German economists lined up at the weekend to accuse Merkel and other EU leaders of “political failure”. The Greek government was also a target. “It is disappointing that the Greeks are not grateful for the help from Germany and the EU,” Hans-Werner Sinn, head of Munich’s IFO Institute, told the Frankfurter Allgemeine newspaper. The cover story in Monday’s edition of the influential Hamburg weekly Der Spiegel, is “an obituary for the common currency.” Britain, meanwhile, stressed that it wanted no part of any new Greek rescue, except through its participation in the International Monetary Fund. “It’s the eurozone that is taking forward discussions now about the next stage of dealing with Greece’s substantial problems,” the chief secretary to the Treasury, Danny Alexander, told Sky News. “There’s simply no proposition on the table for the UK to contribute beyond IMF involvement and I don’t expect there to be one.” That could change if the EU decides to use an emergency bailout fund administered by the European commission for the rescue. Britain is liable for a share of this and any decision would be taken by qualified majority vote, meaning the Cameron government would not be able to wield a veto. European debt crisis Greece European banks Europe European Central Bank Euro European Union Euro Angela Merkel Ian Traynor guardian.co.uk

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Nato investigates claims of civilian deaths during Libyan raid

Libyan government claims Nato missile struck house in residential Tripoli, killing civilians, including two children Nato is urgently reviewing the details of its weekend bombing missions after the Libyan government claimed one of its missiles had struck a house in a residential area of Tripoli, killing a number of civilians, including two children. If confirmed, the attack would be the biggest blunder by coalition forces during the four-month campaign, and a PR gift for Muammar Gaddafi at a time when Nato has been trying to increase the tempo of military operations against the Libyan leader. However, Nato officials were by no means sure it had been responsible for the alleged bombing in the Souk al-Juma district of the Libyan capital – the area was not being specifically targeted and the coalition has nobody on the ground to verify what the Gaddafi regime has been saying. The Guardian understands that investigators are focusing on French aircraft that were flying over Tripoli to target a potential missile site. RAF planes were not thought to be involved. Nato was debriefing the pilots who flew sorties on Saturday night and Sunday morning, as well as reviewing data gleaned from their aircraft, to establish whether one of their missiles had hit the three-storey house by mistake. A Nato official, speaking on condition of anonymity, said there was confusion over the exact location of the explosion, and pointed out that the district in question was an anti-Gaddafi stronghold. Wing commander Mike Bracken, a Nato spokesman, said: “Nato confirms it was operating in Tripoli last night, conducting air strikes against a legitimate military target. “Nato deeply regrets any civilian loss of life during this operation, and would be very sorry if the review of this incident concluded it to be a Nato weapon.” Reporters based in Tripoli were taken by government officials to the scene of the blast and then to a hospital, where they were shown the bodies of four people said to have been killed in the strike, including two infants. Associated Press said journalists were escorted back to the site during the day, where children’s toys, teacups and dust-covered mattresses could be seen amid the rubble. Foreign journalists in Tripoli are not allowed to travel and report freely and are almost always shadowed by government minders. Libya’s deputy foreign minister Khaled Kaim said: “There was intentional and deliberate targeting of the civilian houses. This is another sign of the brutality of the west.” Nato appeared to strike the capital again on Sunday afternoon. A number of explosions could be heard in the city, and smoke could be seen rising over the southern part of the capital. Nato’s military campaign has come under renewed scrutiny in recent days, with rebel commanders saying the alliance is not doing enough to support efforts to topple the Libyan dictator. However, military commanders have privately expressed frustration about the present stalemate, saying that Nato’s mandate is not to act as the rebels’ air force. They also concede that they have run out of obvious targets, and are having to rely on precision weapons to take out Gaddafi’s command and control centres, which have been hidden in public buildings, such as schools. Libya Nato Middle East Africa Nick Hopkins guardian.co.uk

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Jon Stewart Tells Chris Wallace Fox News Is Biased – But Rest of Media Aren’t

After months of being asked, Jon Stewart finally appeared on “Fox News Sunday” this weekend. The primary discussion point was bias in the media which the “Daily Show” host continually told Chris Wallace is far more prevalent on FNC than at all the other news organizations (video follows with transcript and commentary): CHRIS WALLACE, HOST: You love to take shots at FOX News. JON STEWART, HOST: Yes, I do. WALLACE: Over the years, you have called us — and we're going to put this on the screen because this is heavy stuff. STEWART: Please. WALLACE: “A biased organization, relentlessly promoting an ideological agenda under the rubric of being a news organization.” STEWART: Rubric. WALLACE: And — I actually think that's slightly the wrong use for the word rubric. “A relentless agenda-driven, 24-hour news opinion propaganda delivery system.” STEWART: Yes. WALLACE: Where do you come up with this stuff? STEWART: It's actually quite easy when you feel it. You got to feel it in your soul, you know? WALLACE: Well, here's the deal. Are you willing to say the same thing about the mainstream media, about ABC, CBS, NBC, “Washington Post,” “New York Times”? STEWART: No. WALLACE: Would you say the same thing about them that they are — in your words — a propaganda delivery system relentlessly pushing a liberal agenda? STEWART: No, I wouldn't say that. Yes, he really said “No.” Not surprisingly, Wallace pressed the point: WALLACE: Why not? STEWART: MSNBC is attempting that. I think they're attempting. They've looked at your business model and they have seen the success of it. And I think they're attempting to be a more activist organization. WALLACE: You don't think “The New York Times” is a liberal organization? STEWART: Now. WALLACE: Pushing a liberal agenda? STEWART: “The New York Times,” no. I think they are to a certain extent. Do I think they're relentlessly activist? No. In a purely liberal partisan way? No, I don't. Only a liberal New Yorker would say on national television the New York Times isn't biased. Makes you wonder if he's ever read any of their editorials, doesn't it? STEWART: I think is this — FOX is a very special — WALLACE: I want the shutters to go from your eyes because I'm going to prove it to you in the next few minutes. STEWART: Oh, OK. I don't — I'm excited about that. WALLACE: Here we go. STEWART: Can I tell you this? I love to learn! WALLACE: Even you make fun of the fact that “The New York Times” and the “Washington Post” when this document dump of 24,000 e-mails of Sarah Palin was released, and they got so excited about it, they asked their readers, help us. Go through these 24,000 documents. STEWART: Right. WALLACE: How do you explain the fact that they would do that? They would ask the readers to help them go through the Palin e-mails — inconsequential as they turned out to be — STEWART: Right. WALLACE: — but they never said help us go through the 2,000 pages of the Obama health care bill? Great question, right? Here was Stewart's absurd answer. STEWART: Because I think their bias is towards sensationalism and laziness. I wouldn't say it's towards a liberal agenda. It's light fluff. So, it's absolutely within the wheelhouse. I mean, if your suggestion is that they are relentlessly partisan and why haven't they gone and backed away from Weiner? Now, they jumped into the Weiner pool — so, with such delight and such relish, because the bias — WALLACE: Some things are indefensible. STEWART: — the bias of the mainstream media — oh, I'm not saying it's defensible, but the bias of the mainstream media is toward sensationalism, conflict and laziness. Got that? So the Post and the Times weren't exhibiting bias when they asked their readers to assist them in going through Palin's email. They were just sensationalistic and lazy. As I've said for many years, it takes a staggering amount of rationalizations to be a liberal these days. A bit later, Stewart elaborated: STEWART: Here is the difference between you and I — I'm a comedian first. My comedy is informed by an ideological background. There's no question about that. But the thing that you will never understand and the thing that in some respect conservative activists will never understand is that Hollywood, yes, they're liberal. But that's not their primary motivating force. I'm not an activist. I'm a comedian. WALLACE: All right. I want to thank you for saying that because — STEWART: Yes? WALLACE: Baltimore Sun TV critic David Zurawik — put it up on the screen — says that is your dodge. “Stewart has never held accountable in his media criticism, is he? When he is wrong, he goes in a tap dance of saying he's only a comedian and shouldn't be taken seriously.” Another great question. Here was Stewart's absurd answer: STEWART: OK. Let's talk about that — when did I say to you I'm only a comedian? I said I'm a comedian first. That's not only. Being a comedian is harder than what you do. What I do is much harder. I put material through a process, a comedic process. That's preposterous and largely made Zurawik's point. Whenever Stewart is accused of partisanship, he brings up the fact that he's a comedian and that's supposed to make it okay. It doesn't matter that he said “comedian first” versus “only a comedian.” It's still a veil that he hides behind to shield himself from criticism of being biased: WALLACE: But you are a political commentator. The comedy has a political — (CROSSTALK) STEWART: Some of it. Some of it? Actually, most of Stewart's commentary is political and largely filtered through a liberal prism. When he asked Wallace moments later if the host felt that way, the answer was affirmative: STEWART: Am I an activist in your mind, an ideological partisan activist? WALLACE: Yes. STEWART: OK. Then I disagree with you. You can't understand because of the world you live in that there is not a designed ideological agenda on my part to affect partisan change because that's the soup you swim in. And I appreciate that. And I understand that. It reminds me of, you know — you know, ideological regimes. They can't understand that there is free media other places because they receive marching orders. So, in Stewart's view, what he does on Comedy Central is “free media” that's not receiving marching orders. Yet how often do his segments largely reflect Democrat talking points echoing what comes from the shills at the Center for American Progress, Media Matters for America, and MoveOn.org? Despite this, like so many of his liberal counterparts, Stewart's finger is always pointing at Fox for its conservative leaning encouraging Wallace to press the point: WALLACE: How do you explain me? Do you think I get my marching orders? STEWART: I think that you are here in some respects to bring a credibility and an integrity to an organization that might not otherwise have it, without your presence. So, you are here as a counterweight to Hannity, let's say, or you are here as a counterweight to Glenn Beck, because otherwise, it's just pure talk radio and it doesn't establish the type of political player it wants to be. Wallace is a counterweight to Sean Hannity and Glenn Beck? How do Greta Van Susteren, Shepard Smith, and all the liberal contributors to Fox fit into that mix? If you add up all the conservative contributors to ABC, CBS, CNN, MSNBC, NBC, and PBS they don't total the number of liberal contributors to Fox. Also, couldn't one make the case that conservative contributors to the New York Times and the Washington Post are there as a counterweight to both paper's distinct leftward leaning? I wish Wallace had mentioned that. Yet moments later, Stewart did say something rather telling: STEWART: The embarrassment is that I'm given credibility in this world because of the disappointment that the public has in what the news media does. Well, that is indeed embarrassing, but not for the reason Stewart ascribed: WALLACE: I don't think — STEWART: — not because I have an ideological agenda. WALLACE: I don't think our viewers are the least bit disappointed with us. I think our viewers think, finally, they're getting somebody who tells the other side of the story. Exactly. The only credibility Stewart has comes from folks on the left that are disappointed in the news media. Dissatisfied people on the right – given Fox's ratings this is a huge figure – are finding real alternative news sources to receive information without the biases prevalent elsewhere. These sources don't include comedians. It's only the left that hold up comics as reputable disseminators of information. Wallace demonstrated why this is such a bad thing a few moments later: WALLACE: I'm suggesting that there is bias, and that you only tell part of the story. STEWART: Oh, there's no question that I don't tell the full story. I mean, I don't disagree with that. But I don't not tell the full story based on a purely ideological partisan agenda. That's my point. My point isn't — WALLACE: I think your agenda is more out there, and you're pushing more of an agenda than you pretend to. Without question, which makes you wonder if Stewart was being completely honest Sunday or spinning a yarn to preserve whatever appearance of impartiality he miraculously retains with his fans. But as the segment drew to a close, the “Daily Show” host seemed to lift his veil a bit: STEWART: I've existed in this country forever. There have been people like me who satirize the political process and who have satirized — what was it that Will Rogers said? You know, how crazy is it when politicians are a joke and comedians are taken seriously? WALLACE: That assumes a kind of — and this is where I think you're wrong and you don't get it — STEWART: That may be right. WALLACE: — is that there is not a single marching order. There is not some kind of command. There is not a talking point memo. I'm saying — (CROSSTALK) STEWART: Well, that I disagree with. WALLACE: I am sitting here talking to Jon Stewart and I'm trying to get it, trying to understand you, and trying to see whether or not you recognize that what I believe is true, that there is as much bias on the other side as you subscribe to Fox, and why you seem to go easy on that. STEWART: I think that there is a — probably a liberal bias that exists within the media that is because of the medium in which it exists. I think that the majority of people working in it probably hold liberal viewpoints, but I don't think that they are as relentlessly activist as the conservative movement that has risen up over the last 40 years. And that movement has decided that they have been victims of a witch hunt. And to some extent they're right. People on the right are called racists and they're called things with an ease that I am uncomfortable with — and homophobic and all those other things. And I think that that is absolutely something that they have a real right to be angry about and to feel that they have been vilified for those things. And I've been guilty of doing some of those things myself. WALLACE: I accept your apology. (LAUGHTER) WALLACE: I want to thank you for coming on. Interesting way to conclude, wouldn't you agree? In the end, you have to appreciate Stewart being willing to do such a lengthy interview with Wallace, and allowing his hair to come down a bit. Say what you will about the “Daily Show” host, unlike so many of the cowards on the left, he'll go on Fox and face the music. It will be interesting to see how he reports this on his own show next week. Stay tuned.

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Greek PM: Talks on New Bailout Package Under Way

Greece is talking with international creditors about a second bailout package “roughly equal” to the first ?110 billion ($157 billion) rescue it accepted a year ago, the prime minister confirmed Sunday. (June 19)

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Greek PM: Talks on New Bailout Package Under Way

Greece is talking with international creditors about a second bailout package “roughly equal” to the first ?110 billion ($157 billion) rescue it accepted a year ago, the prime minister confirmed Sunday. (June 19)

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Greek PM: Talks on New Bailout Package Under Way

Greece is talking with international creditors about a second bailout package “roughly equal” to the first ?110 billion ($157 billion) rescue it accepted a year ago, the prime minister confirmed Sunday. (June 19)

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Greek PM: Talks on New Bailout Package Under Way

Greece is talking with international creditors about a second bailout package “roughly equal” to the first ?110 billion ($157 billion) rescue it accepted a year ago, the prime minister confirmed Sunday. (June 19)

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Just Dance

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Just Dance

Dancing to Just Dance 2 Eva, ilona & ik op de wii – just dance xD Worst dance ever… But most entertaining humitweeting says: @priyaadivarekar i want you 2 go 4 just dance audition

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Resignation Letter

Tv9 – Kurnool MLA Neeraja Reddy resigns Weiner To Resign; Greece PM Reshuffles Government The Amazing Life Of John Stape Episode 6 Annalizevzi says: http://t.co/ih3y1Yp resignation letter ;P WECT TV6 WECT.com Wilmington, NC news and weather Pender Co. superintendent: Resignation wa…

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Chris Wallace Praises Rick Perry’s Record on Job Creation in Texas

Click here to view this media After talking about how Gov. Rick Perry “stole the show” at the Republican Leadership Conference in New Orleans this weekend and whether he may throw his hat into the 2012 presidential race, Chris Wallace asks former White House deputy press secretary Bill Burton whether the Democrats should be worried about Perry entering the race. After Burton dismisses Perry as just a “pretty extreme version of George W. Bush” and noted that no matter who wins the nomination, this election is going to be about the economy and Wallace attempts to defend Perry’s record in Texas. WALLACE: Rick Perry’s got, huge job growth. It’s the biggest job-producing state in the country. BURTON: But on the bottom in education, on the bottom on the unemployed, on the bottom of a lot of different things. WALLACE: Well, we’re going to have to leave it there, to be continued. Thank you panel and see you all next week. As was already pointed out here and as Burton rightfully noted, the economy in Texas is not in good shape, but apparently Chris Wallace didn’t want to discuss that. Think Progress has more on Rick Perry’s record on job creation in Texas. Gov. Perry Talks Up Job Creation As He Prepares To Lay Off One-Third Of Texas’ Teachers Gov. Perry Promised His Budget Would Lead To Job Creation — Instead It Would Destroy 600,000 Jobs

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