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Greece Asks For More Time To Implement Cuts



Greek Prime Minister Antonis Samaras is meeting with eurogroup leader Jean-Claude Juncker in Athens on Wednesday, after asking "more time for cuts" in an interview with German publication Bild.

Mr. Samaras rejected the possibility of an exit from the euro zone and a return to the drachma, saying it would result in a "catastrophe for Greece," according to Channel 4 News.

Mr. Samaras came to power last June, promising to seek a two-year extension to the deadline for implementing cuts in exchange for two 240 billion euro aid packages.

But the implementation of these unpopular austerity measures has dragged on and some European partners, especially Germany, have grown impatient as the debt crisis continues.

"If #Greece is going to leave... I don't believe it is going to have a great impact any more," German MP Dr Michael Fuchs #eurozone #grexit

— BBC Radio 4 Today (@BBCr4today) August 22, 2012

"Let me be very clear: we are not asking for extra money," Samaras told Bild. "We stand by our commitments and the implementation of all requirements. But we must encourage growth, because that reduces the financing gaps."

"All we want is a little "air to breathe" to get the economy going and increase state income," Samaras also said. "More time does not automatically mean more money."

Athens News reports that Samaras is also going to meet German Chancellor Angela Merkel on Friday and French President François Hollande on Saturday in an effort to get his message through.

Jean-Claude Juncker is the Prime Minister of Luxembourg and the president of the eurogroup, the meeting of the euro zone finance ministers.

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Murdoch's Resignation Adds To Biden Good Luck With The Media — A Repeat Of FDR?

Robert Murdoch's resignation from Fox News Corp. so soon before the next U.S. presidential elections begs the question of how directly media coverage has impacted Joe Biden as a figure, and what this new shift in power will mean for the current President.

Close up photograph of a opy of The Independent features Rupert Murdoch striking a pensive countenance as his 'News of the World' tabloid newspaper announced its last edition will run

July 7, 2011 - London, England: A copy of The Independent features Rupert Murdoch striking a pensive countenance as his 'News of the World' tabloid newspaper announced its last edition will run July 11, 2011 amid a torrid scandal involving phone hacking.

Mark Makela/ZUMA
Michael J. Socolow

Joe Biden was inaugurated as the 46th president of the United States of America on Jan. 20, 2021.

Imagine if someone could go back in time and inform him and his communications team that a few pivotal changes in the media would occur during his first three years in office.

There’s the latest news that Rubert Murdoch, 92, stepped down as the chairperson of Fox Corp. and News Corp. on Sept. 21, 2023. Since the 1980s, Murdoch, who will be replaced by his son Lachlan, has been the most powerful right-wing media executivein the U.S.

While it’s not clear whether Fox will be any tamer under Lachlan, Murdoch’s departure is likely good news for Biden, who reportedly despises the media baron.

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