While Athens Smolders -- Wall Street Journal
Greece’s creditors are still refusing to countenance a haircut.
The Greek Parliament endured another night of tear gas and intra-party turmoil Wednesday to pass its latest package of spending cuts, tax hikes and labor-market reforms, just as new figures confirmed the economy’s continued deterioration. This year, Greece’s output will be just 80% of what it was in 2009. The jobless rate has risen for 39 consecutive months, and 58% of young people are out of work.
But even a sunnier economic picture for Greece wouldn’t save it from the disastrous illogic of Europe’s rescue strategy. The International Monetary Fund has threatened to halt its aid contributions if Athens can’t bring its debt back down to 120% of GDP by 2020. The latest Greek budget puts the 2013 figure at 189.1%.
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MIDDLE EAST
Syria conflict: Assad says world can't afford intervention - live updates.
Three Syrian mortar shells land in Israeli territory.
Red Cross says it 'can't cope' with Syria emergency.
Turkey to request NATO missile defense on Syria border.
Obama administration announces new sanctions on Iran.
Iran claims it will hold 'massive' air defense drills over weekend.
Netanyahu, on phone with Obama, pledges cooperation.
Turkish commandos raid northern Iraq.
Iranian ministry suggests openness to nuclear talks.
Obama faces new Mideast challenges in his second term.
ASIA
Suu Kyi calls for more troops in west Myanmar.
China opens Communist Party congress. China's Hu says corruption threatens state. China’s Hu Jintao urges Communist Party to address corruption. Hu Jintao tells China Communist party congress to stamp out corruption.
At least 18 killed in Afghan bomb attacks: officials.
4 killed, 28 injured in Taliban suicide attack in Pak.
Barack Obama to visit Burma 'this month'.
Pakistanis expect ties with US to remain tense after Obama win.
Obama victory infuriates Pakistani drone victims.
Five Tibetans set themselves on fire in protest at Chinese rule.
AFRICA
Minister: War still inevitable in northern Mali.
Uganda demands UN retract Congo accusation.
Mustafa Abdul-Jalil, Libyan official who led rebels during uprising, faces murder probe.
Sudan rebels say downed Antonov plane in oil state.
Rescuers search for survivors of Ghana store collapse.
Cameroon's president marks 3 decades in power.
Africa seeks deeper relations with Obama after election victory.
EUROPE
Hollande 'criticised Netanyahu' over memorial.
EU: Eurozone recession to be worse, rebound slower.
Greece lawmakers back austerity cuts amid protests. Greek parliament narrowly approves €13.5bn austerity package after mass protests - as it happened. Greek unemployment hits 25.4 pct.
Angela Merkel warns UK will struggle alone if it turns against EU.
New political group in Hungary grabs second place in polls.
New Georgia government detains army general, ex-minister.
Russian court keeps activist in custody.
AMERICAS
Police battle prison drug-gang in Sao Paulo.
California voters approve higher taxes.
Mexico to reconsider joint policies with U.S. amid new state marijuana laws.
Nor'easter sets back recovery from superstorm Sandy. More weather misery for Sandy's victims as new storm bears down on New York City, NJ, NE.
Argentines prepare for huge anti-government march.
U.S.-Cuba relations may warm in 2nd Obama term, analysts say.
Strong earthquake off Guatemala kills at least 48.
Obama victory a relief for Latin American left.
TERRORISM/THE LONG WAR
CIA’s Petraeus, DNI Clapper to testify on Benghazi next week.
Appeals court rejects torture suit against Rumsfeld.
Military lawyer cites civilian decision to seek dismissal of Gitmo 9/11 tribunal.
Mali arrests French radical Ibrahim Ouattara 'for Islamist ties'.
Three Qaida suspects killed in Yemen drone strike.
ECONOMY/FINANCE/BUSINESS
Banana war ends after 20 years.
Walt Disney quarterly profits increase 14%.
PIMCO CEO: 30-40% chance U.S. will fall off fiscal cliff.
Moody's reserves judgment on U.S. rating until after budget.
Argentina 'freezes Chevron assets' over Ecuador damage.
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