Home' Trinidad and Tobago Guardian : June 28th 2015 Contents SALT LAKE CITY---The Episcopal Church
elected its first African-American presiding
bishop, choosing Bishop Michael Curry of North
Carolina during the denomination's national as-
Curry was elected in a vote by bishops at the
Episcopal General Convention, the top legisla-
tive body of the church.
Curry won among the bishops in a landslide,
earning 121 votes. The other three candidates
had 21 votes or less. The decision was affirmed
on a vote of 800-12 by the House of Deputies,
the voting body of clergy and lay participants
at the meeting.
Curry will succeed Presiding Bishop
Katharine Jefferts Schori, who will complete
her nine-year term on November 1. She was
the first female presiding bishop and the first
woman to lead an Anglican national church.
The New York-based Episcopal Church is the
US body of the Anglican Communion, an 80-
million member worldwide fellowship of
churches with roots in the Church of England.
• Twitter: @GuardianTT • Web: guardian.co.tt
US Episcopal Church elects first black presiding bishop
Greece and its financial rescue creditors
are struggling to agree on the terms to get
more loans to the country.
Without a deal, Greece could default on
its debts as soon as Tuesday, which could
trigger a chain reaction that sees the country
fall out of the euro, the currency 19 European
Here is a look at the key points in the
The Greek government must make a €1.6
billion (US$1.8 billion) loan payment to the
International Monetary Fund on Tuesday
but doesn t have the money. It is negotiating
with other eurozone countries and the IMF
to get €7.2 billion in loans---the last install-
ment in a bailout package expiring at the
end of this month. Without the money,
Greece will likely default on the IMF loan.
Even bigger payments come due later this
summer. Its creditors are demanding that
Greece make reforms and cuts, including
to public pensions, before releasing the
NO BOND MARKET
Greece needs loans because it cannot
borrow on bond markets at affordable rates,
as other countries do to finance their spend-
ing. Greece s bond rates---effectively what
international investors demand in return
for lending the country money---spiked
higher in late 2009, when Greece revealed
that its public deficit was far higher than
Greece is having trouble reaching a deal
with creditors because a new government,
elected in January, says it will not abide by
the terms that previous governments accept-
ed for years. Those terms included cuts to
pensions, wages and public sector jobs as
well as higher taxes.
Such budget austerity measures aim to
reduce the budget deficit but have also hurt
the economy by increasing unemployment,
making Greeks poorer and reducing the
amount of households disposable income.
The current government, led by the radical
left Syriza party, has long said it will not
make more such measures, though it has
made some concessions this week. Creditors
want the reforms to make sure Greece gets
its public finances back in shape and can
pay the money back.
The risks of default are that it could
unsettle confidence among Greeks and cause
bank runs. The banks are currently sup-
ported with emergency credit allowed by
the European Central Bank. If Greece can t
pay its creditors, the government debt
lenders use as collateral for their ECB loans
would become worthless and the ECB could
withdraw its support.
Greece would have to then support the
banks itself---but it doesn t have the money
to do so. It would theoretically then have
to start printing its own money to get cash
flowing through the economy again. Doing
so, it would effectively be leaving the euro.
Greece s problems will not be solved for-
ever with those 7.2 billion euros. The money
would only cover its debt repayments for
a few months. So Greece and its creditors
need to find a longer-term solution.
Because most of Greece s debts consist
of bailout loans, the country would be helped
if its creditors agreed to make the terms of
those loans easier---either by reducing the
interest Greece has to pay on them or
extending their repayment date.
Creditors had promised last year to con-
sider this. But they say a decision can be
taken only after Greece has fulfilled the
reforms demanded in exchange for the 7.2
billion euros in loans. Greece wants such a
decision on lightening its debt terms now.
A guide to Greece's debt
crisis and bailout talks
People stand in a queue to use the ATMs of a bank in the northern Greek city of
Thessaloniki yesterday. Greece's fraught bailout talks with its creditors took a dramatic
turn early yesterday, with the radical left government announcing a referendum in just
over a week on the latest proposed deal---and urging voters to reject it. AP PHOTO
NEW YORK-One of two murderers who
staged a dramatic escape from a New York
State prison has been killed by police after
weeks on the run, officials said.
Richard Matt, 49, was shot dead in wood-
lands near the town of Malone, about 30
miles (50 km) from the prison on Friday.
David Sweat, another convicted murderer,
remained at large as police continued to
search the area.
The pair escaped through the prison sewer
system after using power tools to break out
of their cell on June 6 at the Clinton Cor-
rectional Facility in Dannemora, New York.
Their escape set off a massive manhunt.
Police were called to an area south of Mal-
one on Friday where a camper van had been
attacked. They found evidence left behind
by the pair in a nearby hunting cabin.
Matt was later found in woodland armed
with a shotgun, police said. When he refused
to surrender officers shot him dead, they
Prisoner worker Joyce Mitchell was charged
with aiding the inmates in their escape.
Prosecutors allege that she gave the men
power tools that allowed them to saw
through a steel cell wall before bashing a
hole through a brick wall and crawling
One of two escaped US prisoners killed by police
SOUSSE, TUNISIA---Tunisia's Prime Minister
Habib Essid has announced a clampdown on secu-
rity after an attack on a holiday resort in which 38
people were killed.
He said army reservists would be deployed to
archaeological sites and resorts.
About 80 mosques accused of "spreading
venom" will close within a week, he said.
Fifteen of the victims in Friday's attack near
Sousse were Britons. The gunman was shot dead.
He was identified as Seifeddine Rezgui, a stu-
dent not previously known to authorities, officials
One Belgian and one German have so far been
identified among the dead, the health ministry
said. One citizen of the Irish Republic is also con-
There were also thought to be Tunisians and
French killed in the attack, which was claimed by
Islamic State (IS). At least 36 people are injured,
It was the second major attack on tourists in
Tunisia since March, when militants killed 22 peo-
ple, mainly foreigners, at Bardo museum in Tunis.
TAIWAN---At least 200 people have been in-
jured in a fire at an amusement park outside Tai-
wan's capital, Taipei.
A spokesman for the fire service said it was be-
lieved coloured powder being sprayed on to a
crowd had ignited.
More than 80 had serious injuries, the Taipei fire
department said. The CNA news agency reported
that some victims suffered 40 per cent burns.
The accident happened during a "colour play"
party at Formosa Water Park in New Taipei City's
A fire department spokesman said of the 215
people injured, 83 suffered serious burns, while
132 sustained minor burns.
The fire broke out around 20.30 local time
(12.30pm GMT,) he said.
More than 1,000 people were near the stage
when the blaze started.
The fire department said, "Our initial under-
standing is this explosion and fire... was caused by
the powder spray. It could have been due to the
heat of the lights on the stage".
The injured were taken to nearby hospitals.
One doctor said a number had respiratory sys-
The fire was quickly brought under control.
Many people flocked to water parks yesterday
as temperatures reached 36.6C in Taipei and as
high as 38C in other parts of Taiwan.
after Sousse attack
Hundreds injured in
Water Park fire
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