IMF urges US to cut debt to spur recovery

Amid jitters that high levels of unemployment may force a double dip recession, the IMF warned the slow US recovery would continue and that debt problems loomed.
The Obama administration is overestimating U.S. economic growth and needs to reduce its budget deficit far more aggressively, the International Monetary Fund said on Thursday in a report that [...]

Athens riots killed 3

Three people have been killed in a fire that broke out Wednesday at an Athens bank during rioting over the Greek government’s plans for austerity measures.
Deadly riots over harsh new austerity measures engulfed the streets of Athens as angry protesters tried to storm parliament, hurled Molotov cocktails at police and torched buildings.
“We have found [...]