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Even though the stock market is bearish due to the debt crisis of Greece and other countries of Euro zone. Measures have been taken up and Greece finance minister Evangelos Venizelos stated some statements in meetings of G20 and IMF. The Greece and euro zone countries may go bankrupt is actually a ridiculous thing he stated as Greek authorities need 11 billion dollars. There has been social unrest in Greece and there is a speculation of Greece going into default and get more into crisis.

The authorities of Greece may even bring in privatization deals as there has been increase pressure given from the creditors. The tough fiscal targets has bought in tough times for Greece and its people as they have taken more efforts to bring in changes. Greece will live up to its commitments given and Greece will fight its way out towards Growth and prosperity even after the period of pain stated Papandreaou. The decisions which will be taken up by the European leaders during July 21 will help in the rescue of EU and go towards the right direction. The reforms will need some time to yield good results and the efforts will surely solve the crisis stated the Greek leader.

The Greek leader compared the position of Greece with former communist east Germany and whether he is elected or not his aim is to save the country. Greece has taken most energy to build back its structure and as the stock market rallied during Tuesday the hope still goes on. In-spite of all these one can notice that the European leaders are taking hold of the long running crisis which is threatening the euro project.

During the rare cross border incursion in Libya one could see supporters of el- Qaddafi carrying weapons. The Fighters loyal to Muammar Qaddafi had taken cars which was loaded with weapons from Algerian border to Libya. The weapons were used by the Fighters to attack the former rebel forces stated Military officials on Sunday. The attack has been happening and there has been a large number of deaths reported and most are anti-quaddhaffi.

The details of the fight and he number of people dead and survived ones were being reported by the Associated Press.The incursion has raised a suspiosion of the supporters may have plans to deposed the leader of Libya. The Libyan leader Muammar el-Qaddafi has been driven by most of the people and yet he has a strong hold from Libya. So there was fighters who have found a stronghold base in neighboring country and now has mount attacks. The Colonel Qaddaffi was overthrown by the rebels and are now started to tackle the relationship with Algeria.

Algeria has been accused for giving arms to the the forces of Qaddhafi during the attack and after Tripoli fall Colonel troops have fled. As a report given by military spokesman Ahmed Omar Bani the Qaddhafi have crossed the border just few days before. The provisional government have reported that a grave near Tripoli has a mass remains of about 1,200 people mostly prisoners.

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About tens of thousands of Egyptians gathered in the central Tahir Square in Cairo and made a rally during Friday. The rally done by Egyptians was has shown the force of the Salafi Muslims and the Islamic and the difference between the liberal activists. The popular uprising of the crowds is the largest and is against the ousted President Hosni Mubarak which started in the month of February. There was a chanting the Islamic laws by the Salafis Muslims and spurring accusations as they violated the whole rally.

One could see the whole rally inspite of the agreement broke the law and had contained many divisive issues and accusations. The best organized political force of Egypt which os the Muslim Brotherhood has turned out into a success and has boosted the turnout. The groups across Egypt has kept itself away from the recent demonstrations and asked to keep the pressure over the military council. The main aim of the recent demonstrations is help the military council to take up power after the fall of Mubarak and lead them.

The participation of the Islamists showed the growing rift between themselves and the liberal activists as they rallied towards the square. There were some of the islamists who opposed the adoption of the guidelines and asked for the new constitution drafting after the elections later. The measure in the effort was endorsed by the liberal parties and they fear the islamist influence which has been increased. Most of the group leaders feel that the religious groups will win large seats in the parliament and the supreme council has accepted the issue.

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There was a sectarian violence which spurted targeting the Shias which killed about 11 people in Balochistan. The violence of killing took place in Balochistan during saturday and had taken the toll past 24 hours to about 19. The outfit which was banned Lashkar-e-Jhangvi(LeJ)has the one taken responsibility for targeting the Shias. The previous agenda of LeJ was to return to Pakistan into a Sunni State and showed it through its attack on Friday.

The attack on Friday happened on a office which was a private transport company and would carry the pilgrims to Iran. The responsibility was not claimed exactly by them over the Saturday attack on the van which had the pilgrims going to Quetta. The pilgrims were going to Quetta from Hazara Town area and Police feel the attack may be a part of the Sectarian violence. The sectarian violence is shown against the Shias and the details of the Balochistan attack was given by Inspector general Amin Hashim.

The police Hashim further reported that there were some gunman who opened the fire at the van which had shown the death of some people. The number of people dead during the attack was seven and another four were rushed to the hospital after which police raided various areas. The attack against the violence has bought into some protests across Quetta which has resulted in Arson in different parts. The sectarian violence still continues in different parts of the country and showed connection between LeJ chief Malik Ishaq.

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The international Monetary Fund has at present appointed Christine Lagarde as the new managing director as on Tuesday. The chief Christine Largarde is former French Finance minister and now working for IMF as the managing director after the Dominique Strauss Kahn. Just a few days in the month of may before the previous managing director Strauss Kahn quit due to certain sexual assault.

Lagarde will be serving the post of the managing director for the period of five years and is committed to do more of her share. The previously joined managing director had left IMF for various reasons and was left their job early according to IMF. The former managing director could not lead the key crisis lender and the three directors were Europeans released an IMF statement. The IMF statement released the the terms of the appointment which has been given to the Director and the amount and the compensation got.

A pay of $467,940 has been offered to Largarde as an annual salary net on all taxes including an allowance of $83,760. The scale of salary is living appropriate to the position of the managing director and her terms of appointment is required. The terms even specify Christine Largarde to observe the standards of ethical conduct and some consistent following values of integrity,impartiality and discretion. However some of the contracts which were having such terms were not being signed in contract with some of the predecessor’s in the year 2007.

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