
Top news: Eurozone finance ministers dismissed a package of $4.3 billion in Greek budget cuts as incomplete, demanding an additional $400 million in cuts to this year's budget. The package was presented by the Greek government on Thursday after weeks of tense negotiations between Prime Minister Lucas Papademos and his coalition. Finance ministers say they will reconvene on Wednesday, if the Greek government can make the additional cuts, to potentially sign off on a $172.6 billion bailout.
"Despite the important progress achieved over the last days, we did not yet have all necessary elements on the table to take decisions today," said Jean-Claude Juncker, prime minister of Luxembourg and head of the eurogroup.
Greece is depending on the deal to avoid a default next month, and hopes to set in motion a private sector bond swap that will reduce its $460 billion debt load. The cuts already agreed to include cutting the minimum wage by 22 percent, shortening the terms of collective bargaining agreements, freezing private sector salary increases, and cutting 150,000 jobs from the government payrolls by 2015.
Violence has erupted yet again in Athens as youths began throwing paving stones and molotov cocktails outside the parliament on Friday. Police have responded with stun grenades and tear gas. Trade unions have called a two-day strike starting Friday.
Syria: Two explosions targeted security compounds in Aleppo as government ground forces began moving into Homs.
Asia
- Pakistan's Supreme Court rejected an appeal by Prime Minister Yousaf Raza Gilani against contempt charges.
- Former Maldives President Mohamed Nasheed called for early elections as a warrant was issued for his arrest.
- China's foreign ministry is sending a senior official to Iran for nuclear talks.
Europe
- Activist Spanish judge Baltasar Garzon was convicted of illegally ordering a wiretap and suspended from the courts.
- Nine men pleaded guilty to planning terrorist attacks in London in 2010.
- A Russian engineer was sentenced to 13 years in jail for selling missile test data to the CIA.
Americas
- The U.S. State Department urged citizens to avoid non-essential travel to many parts of Mexico.
- Rio de Janeiro's police have voted to go on strike, just a week before the city's annual carnival.
- Colombia's authorities have issued an arrest warrant for the country's former peace commissioner for faking defections by Farc rebels.
Africa
- Somalia's al Shabab rebels announced that they had merged with al Qaeda.
- Nigerian police rearrested the main suspect in Boko Haram's Christmas day bombing attack, who had escaped from custody last month.
- A senior Guinean official was charged over the killing of 157 protesters in 2009.
Middle East
- Egypt's prime minister said the country would not back down on its investigation of U.S.-funded NGOs, despite the threat of having its aid cut off.
- Negotiators appear to be finalizing an agreement as general strike in Israel moves into its third day.
- Security forces killed one Shiite protester and wounded several others in Eastern Saudi Arabia.
ANGELOS TZORTZINIS/AFP/Getty Images













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