Yahoo News - Top Stories
last updated: Sun, 05 Jul 2015 20:42:13 -0400

Markets register dismay with Greek referendum results
TOKYO (AP) — Greece's foray into the unknown with its rejection of terms set by its international creditors is jolting markets as investors react to looming uncertainties.

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15 Most Stressful Jobs in the World

Everyone has a bad day at work now and then. But if you have one of these 15 Most Stressful Jobs in the World, even one bad day can get you or someone else killed. From EMT to Coal Miner to Ice Road Trucker, these are the jobs that will keep you up at nights!


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Herald Sun | Breaking News
last updated: Sun, 05 Jul 2015 23:44:14 GMT

Commission will damage Shorten: Fitzgibbon
LABOR frontbencher Joel Fitzgibbon says the unions royal commission is likely to damage leader Bill Shorten but he's doing a good job.

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Yahoo News - Latest News & Headlines
last updated: Sun, 05 Jul 2015 16:24:43 -0400

Greece enters uncharted territory after referendum 'no' vote

A supporter of the No vote waves a Greek flag in front of the parliament after the results of the referendum at Syntagma square in Athens, Sunday, July 5, 2015. Greeks overwhelmingly rejected creditors' demands for more austerity in return for rescue loans in a critical referendum Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal. (AP Photo/Emilio Morenatti)ATHENS, Greece (AP) — Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy.


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Yahoo News - Latest News & Headlines
last updated: Sun, 05 Jul 2015 02:09:01 -0400

Greece enters uncharted territory after referendum 'no' vote

A supporter of the No vote waves a Greek flag in front of the parliament after the results of the referendum at Syntagma square in Athens, Sunday, July 5, 2015. Greeks overwhelmingly rejected creditors' demands for more austerity in return for rescue loans in a critical referendum Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal. (AP Photo/Emilio Morenatti)ATHENS, Greece (AP) — Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy.


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Yahoo News - Latest News & Headlines
last updated: Sat, 04 Jul 2015 13:51:12 -0400

Greece enters uncharted territory after referendum 'no' vote

A supporter of the No vote waves a Greek flag in front of the parliament after the results of the referendum at Syntagma square in Athens, Sunday, July 5, 2015. Greeks overwhelmingly rejected creditors' demands for more austerity in return for rescue loans in a critical referendum Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal. (AP Photo/Emilio Morenatti)ATHENS, Greece (AP) — Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy.


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Herald Sun | Top Stories
last updated: Sun, 05 Jul 2015 14:00:00 GMT

Crows announce interim coach
SCOTT Camporeale will lead the Adelaide Crows through the challenging end to their AFL home-and-away season, the club has confirmed.

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Smith’s ‘misjudgment’ requires apology
OPINION: Cameron Smith should not feel ashamed of his actions the day Alex McKinnon went down — but he should apologise anyway. Have your say and blog with “Crash” from 11am.

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Town that Brisbane will move to
BRISBANE residents are tipped to relocate and double the size of a nearby town, after the approval of a new masterplanned community in the southeast.

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Accused ped bashed outside court
AN accused pedophile has been bashed by an elderly man wielding a walking stick outside a Gold Coast court.

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Part of house collapses on man
BREAKING NEWS: A man has been injured after part of a house he was moving collapsed on him in Brisbane.

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Teen��s rants from inside IS stronghold
THE daughter of a terrorist and widow of a dead Australian jihadist breaks her silence from the Islamic State’s stronghold - and attacks those who want to “imprison her”.

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‘Mate, I’m taking you to the cops’
A MAN was “shocked” when he saw a newspaper article pinned to his apartment block’s noticeboard - because the guy in the picture was his flatmate.

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Maroons back ‘shocked’ Smith
THE Maroons have rallied around Cameron Smith after their captain was left “shocked” by allegations levelled against him by Alex McKinnon.

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Crowds, hunger mar Story Bridge party
THE Story Bridge 75th-anniversary celebrations left a sour taste in the mouths of many of the 74,000 people who tried to squeeze onto the iconic Brisbane structure on Sunday.

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No country has ever done this
THE Greek people have just done something unprecedented. What would an exit from the euro actually involve.

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Man behind Titans cocaine scandal
ON THE surface, he was a wine merchant, selling cheap plonk for $8 a bottle. But police allege the bulk of what he was selling was white, powdery and very expensive.

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Origin and sex? The WAGs reveal
QUEENSLAND State of Origin WAGs say a Maroons victory isn’t just good for morale...

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Crowds cheer royal christening
THE world’s most famous baby, Princess Charlotte, has been christened at a church on the Queen’s estate at Sandringham.

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Digg Top Stories
last updated: Sun, 05 Jul 2015 18:01:49 +0000

The Property Brothers Want To Be On Every Screen You’re Watching
Television brought Drew and Jonathan Scott fame with their home-and-design show, Property Brothers, which debuted in 2011. They’ve had television spin-offs since then, most notably Brother vs. Brother. But they’ve become Internet sensations by creating content completely disparate from their TV pursuits.

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Reuters: Top News
last updated: Sun, 05 Jul 2015 07:17:07 GMT

Kerry urges Iran to make 'hard choices', says US ready to walk
VIENNA (Reuters) - An Iranian nuclear agreement is possible this week if Iran makes the "hard choices" necessary, but if not, the United States stands ready to walk away from the negotiations, U.S. Secretary of State John Kerry said on Sunday.

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BuzzFeed Index - Latest
last updated: Sun, 05 Jul 2015 16:15:04 -0400

Ryan Seacrest Is Partying It Up With Chris Hemsworth On A Yacht

~Famous people hanging out.~

Total party guy Ryan Seacrest was out on a yacht in Italy (as celebrities do) with friend (?!?!?!?!?) Chris Hemsworth.

Total party guy Ryan Seacrest was out on a yacht in Italy (as celebrities do) with friend (?!?!?!?!?) Chris Hemsworth.

Massimo Sestini / Massimo Sestini/FAMEFLYNET PICTURES

Yeah, Ryan Seacrest and Chris Hemsworth are hanging out...on a yacht...and they are friends?

Yeah, Ryan Seacrest and Chris Hemsworth are hanging out...on a yacht...and they are friends?

Massimo Sestini / Massimo Sestini/FAMEFLYNET PICTURES

Friends that are friendly enough to grab each other's shoulders when telling important stories.

Friends that are friendly enough to grab each other's shoulders when telling important stories.

Massimo Sestini / Massimo Sestini/FAMEFLYNET PICTURES

Friends that hang and do friends stuff.

Friends that hang and do friends stuff.

Massimo Sestini / Massimo Sestini/FAMEFLYNET PICTURES


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TIME
last updated:

Greek Vote Forces Europe to Make a Difficult Decision
Europe's choice is essentially to give way to Greece or see it leave the Eurozone

Europe’s leaders are faced with a tough choice after Greek voters rejected austerity conditions attached to a new bailout in a referendum on Sunday: fundamentally alter their policies for dragging Europe back to prosperity, or lose a member of a currency union that was meant to represent the political and economic strength of the whole continent.

On Tuesday, leaders of the 19 countries that use the euro will meet in Brussels to grapple with the implications of the referendum result, which saw more than 60% of the Greek electorate vote No to a package of spending cuts and new taxes in return for more loans.

Beyond the economic contagion of a potential Greek exit from the Eurozone, there are lasting political ramifications for all 28 European Union members, regardless of which path they choose.

For an alliance constantly fighting accusations that it is stacked with unelected officials foisting ruinous policies on struggling members, ignoring the will of the Greek people and soldiering on with its tough austerity policies would deal another blow to its democratic credentials. A Greek exit from the single currency would also shatter the dreams of many European leaders who see the euro as the ultimate symbol of the bloc’s political union.

But returning to the negotiating table with Greek Prime Minister Alexis Tspiras and forging a new bailout deal with less stringent conditions could embolden other far-left parities across the E.U. It would also spark a backlash both in richer creditor nations like Germany, and other bailout countries such as Ireland and Portugal that had to endure the pain of reform programs.

Much depends on whose pre-vote bluster wins out. Ahead of the referendum, Tspiras said a No vote would give him a stronger hand in negotiations and he could return to Brussels with a mandate to prioritize social justice and get a better deal for a nation that has endured the highest unemployment rates in the E.U. and a plummeting quality of life.

Eurozone leaders, however, threatened that rejecting the terms on the table after six months of negotiations was a vote for leaving the single currency, and right now the hawks are remaining adamant that Greece has blown its last chance of being part of the euro club.

The German economy minister, Sigmar Gabriel, said that the vote meant Tsipras had “torn down the last bridges across which Europe and Greece could move toward a compromise”. He told the German newspaper, Tagesspiegel, that the vote was essentially a rejection of the Eurozone’s rules.

Slovakia’s Finance Minister, Peter Kažimír, tweeted that he was “disappointed” by the vote and now “the nightmare… that a country could leave the club seems like a realistic scenario”.

That path would begin with the European Central Bank (ECB) cutting off the emergency funding that has kept Greece afloat even after it defaulted on existing loans. Athens would have to start printing its own currency, meaning a de facto exit from the Eurozone. Exactly how the other Eurozone nations would mange this and contain any economic fallout is uncharted territory.

The “Grexit” option would also likely lead to a prolonged depression in Greece and a potential humanitarian disaster. That prospects has some voices around Europe arguing for a return to the negotiating table. Gianni Pittella, the leaders of the Socialists and Democrats in the European Parliament, called for the resumption of talks “inspired by a new attitude of solidarity and cooperation, taking into account the difficult social dimension in Greece”.

The Italian foreign minister, Paolo Gentiloni, also came out in favor of more negotiations, tweeting that “Now it is right to start trying for an agreement again”.

But there is so much bad blood now between the Greek government and its creditors in the Eurozone, the ECB and the International Monetary Fund that a calm and collected round of negotiations seems unthinkable. Talks have been increasingly combative since Tspiras’ far-left Syriza party was elected in January, and his finance minister has accused the creditors of “terrorism”.

The first hurdle is staying afloat for the next few days, and the ECB must now decide whether to continue the emergency funding for Greece while the Eurozone leaders meet.

Whatever happens in the next few days, Raoul Ruparel of the Open Europe think tank said the referendum would bring “profound change”. Either the Eurozone will “capitulate to Greece… changing its entire modus operandi” or Greece will have to leave the Eurozone.

“In which case the E.U. and the Eurozone will be fundamentally changed,” he wrote on his blog. “The E.U. will have to reconsider its ‘ever closer union’ mantra and accept that its flawed approach and inflexible institutions have helped precipitate the downfall of one of its guiding principles.”

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