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By Tom Harris and Madhav Khandekar
Bad science puts rich nations on the hook for trillions in climate liabilities
Independent voices from the The Washington Times Communities
Topic - Evangelos Venizelos
A top Greek official on Wednesday warned of a "widening gap" in the eurozone that separates financially stable countries such as Germany from their southern European partners that are struggling to keep up.
Greek conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country's international bailout commitments.
A Russian-operated ship said to be carrying military helicopters to Syria appears to have turned back after its British insurer removed coverage for the vessel, U.K. officials said Tuesday.
A coalition government could be formed by mid-Wednesday in Greece, the head of the country's socialist party said Tuesday, easing the nation out of a political limbo as it struggles to deal with a financial crisis that is already affecting Europe's economy and markets around the world.
Greece's two pro-bailout parties appeared likely Monday to agree on forming a coalition government after a bruising election watched closely because of its potential impact on the world economy, but negotiations were pushed to a second day after the head of the socialist party insisted on a broad partnership.
The conservative party that backs keeping Greece in the eurozone won the country's national election Sunday and immediately proposed forming a pro-euro coalition government — a development that eased, at least briefly, deep fears that the vote would unleash an economic tsunami.
Greece will hold a new election in June after days of talks failed to resolve the country's political deadlock, party leaders said.
Greece's president will meet with political party leaders Sunday in a last-ditch effort to broker a deal for a coalition government and avoid another general election.
Evangelos Venizelos, Greece's former finance minister and the leader of the Socialist party, which received a drubbing in parliamentary elections Sunday, has called for a broad coalition government of pro-European parties.
Greece's creditors agreed Friday to take cents on the euro in the biggest debt writedown in history, providing much-needed breathing room for European nations living beyond their means.
U.S. stocks fell Wednesday as investors worried over the details of a new bailout plan for Greece.
Some eurozone countries have strong doubts over whether a second massive bailout can save Greece, officials said Wednesday, even as Athens rushed to meet tough conditions to qualify for the 130-billion-euro ($170 billion) rescue.
Rioting spread across central Athens, and at least seven buildings went up in flames amid mass protests late Sunday, as lawmakers debated harsh cutbacks demanded to keep the country solvent and within the eurozone.
Warning of a "catastrophe" that would leave Greeks subsisting on food stamps and the country wallowing in bankruptcy, Greek leaders urged lawmakers Saturday to pass more painful spending cuts on the eve of a crucial vote to qualify for a massive bailout.
U.S. home builders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year.
Ahead of a speech that Mr. Venizelos will deliver Thursday at the Woodrow Wilson Center in Washington, he said these countries are not treated with the same respect as the rest of their more-wealthy European partners.
"But it's very difficult for a country under crisis, under such a big loan, to fight for this idea," he said. "On a European level, it is very difficult for us to exercise that kind of influence in Germany."