The Greeks are facing the Abyss

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A demonstrator waved the flags of all four troubled mediterranian countries, Greece, Spain, Portugal and Italy during anti-austerity demo in Athens. The Greek parliament was meanwhile debating  on new austerity measures on Wednesday. Both public and private sector unions have scheduled a general strike to coincide with the vote. The measures, including controversial tax hikes, wage reductions and other changes in labor regulations have to be passed if Greece hopes to receive fresh aid for the EU and the IMF.