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Joseph Perry’s News Crunch: Greece Still Stuck

10th July 2015 | Politics

Joseph Perry’s News Crunch: Greece Still Stuck
What’s the story?
Greece has voted against accepting the latest bailout deal proposed by the European Union.

Since the global financial crisis in 2008, Greece has become a symbol of unrest, unemployment and depression as it struggles to launch any sort of economic recovery.

The country has already had to receive two bailouts from the EU’s European Stability Mechanism - which wore worth over 240 billion Euros. However, with banks running out of money, pensions being drained and loans not being repaid, the Greek government is trying to negotiate a third bailout deal.

Two weeks ago, finance ministers from across the EU (led by German delegates) met with Prime Minister Alexis Tspiras and Chancellor Yanis Varoufakis to try and reach some sort of agreement on the future of the country.

EU ministers in the Eurozone take particular interest in these discussions as further financial unrest in Greece could see their collective currency lose even more value - negatively affecting their own economies.

However, despite the fact that a deal is required by all parties, an agreement has been very hard to reach.

EU ministers want to see the Greek government continue to lower public spending while raising taxes; at strategy known alternatively as austerity.

After 6 years of austerity, the Greek public have become fed up and are looking to Prime Minister Tspiras to lead the country in a new direction - but still be a major part of the Eurozone and the EU.

This is proving to be an impossible task.

During the talks two weeks ago, EU finance minister are believed to have proposed a deal to Tsipras, under the condition that certain pro-austerity decisions are taken by his government, such as raising VAT in their tourist…

The Eurozone Crisis

1st July 2015 | Politics

The Eurozone Crisis
Greece is in a mess with their financial situation, they have debts up to their ears and no quick fix solution and this has led to many implications for the Greek people and the rest of the EU.

Greece wasn’t always like this. It joined the Eurozone, so inherited the Euro in 2001, and all was going well. It had one of the top economies in the world, but during the 2008 financial crisis, which impacted most of Europe including the UK, the main industries of Greece were hit hardest.

This led to increased public spending and borrowing from many creditors, two of these being the IMF (international Monetary Fund) and ECB (European Central Bank), this leads us to the current situation.

Greece has got mounting debts and unsustainable repayments to make, which at the moment they can’t meet. The biggest problem is that they need more money to help rebalance their books, but without repaying their current debts – no one wants to lend them any more money.

This is why emergency talks have been happening between leaders from EU member states to try and strike a deal with Greece to sort out the issue and find the best solution for both Greece and other EU states.

So far, emergency talks between EU leaders have failed with no agreement reached between Greece and its creditors.

It is becoming increasingly likely that Greece will have to default on the payments they owe to the ECB and IMF, which could mean that they may have to leave to leave the Eurozone and possibly the EU as a consequence.

This could mean that Greece would have to go it alone, with their own currency and receive very little support -…

Same-Sex Marriage Legalised in the USA

1st July 2015 | Politics

Same-Sex Marriage Legalised in the USA
On 26th June 2015, history was made as the Supreme Court ruled 5-4 that same-sex marriage should be legalised in all 50 states.

Directly prior to this landmark ruling, same-sex marriage was legal in 36 states, but the issue of whether states should recognise marriages performed in states where it was legal was more complicated.

Altogether, only 69.4% of the population lived in states which both performed and recognised same-sex marriage. Therefore, no same-sex couple’s rights were guaranteed – if a couple were to marry in one state and move to another, their rights as spouses could have been questioned.

Following last week’s SCOTUS ruling, however, all same-sex couples in the United States have a constitutional right to marry and have that marriage recognised in any of the 50 states.

Recent studies have indicated that the majority of Americans (around 60%, with that figure rising significantly when only young Americans are polled) now support the legalisation of same-sex marriage. Proponents of the ruling have recognised and celebrated a long fought battle.

One gay couple who have been together for 20 years were quoted as saying “A lot of people gave their lives – their blood, sweat and tears to make this happen”. The Human Rights Campaign have been leading proponents in the battle to legalise equal marriage, saying that they believe all couples should have the right to honour their relationship in the greatest, most significant way that society has to offer.

President Obama also supported the ruling, saying that “shifts in hearts and minds is possible”, perhaps paying homage to his own history of expressing mixed views on same-sex marriage.

Those on the right of the spectrum, however, find themselves torn on how to respond to the new legislation, with promotion…