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Greece plunged into turmoil today after an election which rejected a painful international bailout and left big questions over whether the country could avert bankruptcy and stay in the euro. Amid uncertainty over whether a new government was possible, President Karolos Papoulias gave a three-day mandate to Antonis Samaras, leader of the conservative New Democracy party which won the biggest share of the vote in yesterday’s poll. Both New Democracy and Socialist [...] Fall in house prices accelerating The average price of a house in Dublin fell by a dramatic 4 per cent in the last month of last year, while prices across the State have continued their precipitious decline, according to the latest official figures from the Central Statistics Office (CSO). http://www.irishtimes.com/newspaper/breaking/2012/0228/breaking24.html Retail sales fall 3.7% in January The standard rate of VAT increased from 21 per cent to 23 per cent on January 1st, following [...] UN chief Ban Ki-moon has called on Argentina and the UK to avoid an “escalation” in tensions over the disputed Falkland Islands. His appeal came as Argentina’s foreign minister made an official complaint to the UN about the UK’s “militarisation” in the South Atlantic. The minister said the UK had increased its naval power “four fold” by recently sending a destroyer to the region. The two countries went to war in 1982 [...] |
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