Issue link: http://www.epageflip.net/i/537297
ByDerekGatopoulos and Menelaos Hadjicostis The Associated Press ATHENS, GREECE On a night filled with emotion and packed city squares, naysaying Greek Prime Minister Alexis Tsipras and his "yes" vote rivals made their final pitches at bailout referendum rallies, as polls showed the two sides in a dead heat. More than 40,000 peo- ple gathered at the two rallies, half a mile apart, before Sunday's vote on whether to accept credi- tors' proposals for more austerity in exchange for rescue loans, or reject the deal as a show of defiance against years of harsh eco- nomic austerity. "This is not a protest. It is a celebration to overcome fear and blackmail," Tsip- ras told a crowd of 25,000 in front of parliament, who were chanting oxi, oxi— "no, no." Meanwhile, police said about 17,000 people gath- ered outside the nearby Panathenian stadium for the "yes" rally, waving Greek and European Union flags and chanting "Greece, Europe, Democracy." Rallies for both cam- paigns were also held in 10 other Greek cities Friday. Tsipras is gambling the future of his five-month- old left wing government on Sunday's snap poll — insisting a "no" vote will strengthen his hand to ne- gotiate a third bailout with better terms. But the high-stakes standoff with lenders this week saw Greece default on debts, close banks to avoid their collapse, and lose ac- cess to billions of euros as an existing bailout deal ex- pired. At the "no" rally, Ath- ens resident Maria Antin- iou held a handmade sign, reading "oxi." "We have to strengthen Tsipras. It's not his fault we are bankrupt," she said. "He doesn't have the mandate to take tougher measures and now we are giving that to him. It's not true this is a vote on the euro. It's a vote to change course and stay in the euro, and Tsipras is our best hope," she said. That is a message the "yes" voters refuse believe. Evgenia Bouzala, a Greek born in Germany, said she was considering shutting down her olive oil export business because of the fi- nancial turmoil. "I don't think we can keep going. Look at what happened in the last three days. Imagine if that lasts another six months," she said. "A 'yes' vote would bring a caretaker government and that would probably be bet- ter ... We have to start over." CASH CRISIS Gr ee k cam pa ig ns, n ec k an d neck, reach dramatic finale MANUFERNANDEZ—THEASSOCIATEDPRESS People hold banners reading, "No to the Troika, I support Greece" during a pro Greece demonstration at the European Union office in Barcelona, Spain, on Friday. By Scott Mayerowitz, Eric Tucker and David Koenig The Associated Press WASHINGTON As the Jus- tice Department launches an investigation into possi- ble collusion in the airline industry, experts say the government faces the bur- den of proving that carriers were deliberately signaling business decisions to each other. Airlines routinely in- crease flights based on de- mand. A particularly cold winter in the Northeast, for instance, might merit more flights to the Caribbean. And sometimes, routes are cut because there isn't enough demand. Nothing is illegal about that. Any company can limit the supply of its own prod- ucts, whether airline tick- ets, sneakers or smart- phones. But it would be il- legal for airlines to work together to limit flights in order to drive up fares. The government's inves- tigation is just in its ini- tial phases. Letters went out this week to American Airlines, Delta Air Lines, Southwest Airlines and United Airlines. Together, those four carriers control more than 80 percent of the domestic seats on planes. Airlines are quick to say they can't talk about pric- ing decisions. But in recent years, airline executives and Wall Street analysts have been much more open in discussing how the airlines have kept their passenger capacity — the number of seats they put into given markets — in check. With that capacity kept from growing too fast, airplanes have been fuller and carri- ers have been able to com- mand higher ticket prices. That's led to record profits. But were airlines simply responding to Wall Street's questions about capacity, or were they illegally agreeing not to compete too hard as part of an effort to make more money? "Matching supply to de- mand is not a novel idea and running a company for profit is not a crime," Ray- mond James analyst Savan- thi Syth told investors in a note Thursday. Antitrust law draws a line between the entirely lawful practice of compa- nies' following each other's behavior and companies il- legally conspiring. The Jus- tice Department appears to be hunting for communica- tions and other signals that cross that boundary, said Andrew Gavil, who teaches antitrust law at Howard University. "The distinction involves whether or not there was re- ally express or intentional coordination by two firms," he said. It's too early to know where the investigation is going. But if the govern- ment does find evidence of improper collusion, it could attempt to negotiate a con- sent decree with the air- lines to stop them from cer- tain behavior, such as issu- ing public statements about their intentions about ca- pacity. ANTITRUST INVESTIGATION Airline probe needs proof beyond business as usual By George Jahn and Matthew Lee The Associated Press VIENNA In a message to Washington, Iran's for- eign minister on Friday called for an end to "co- ercion and pressure" at the nuclear talks, sug- gesting a deal acceptable to his country will open the door to cooperation on fighting the upsurge of Middle East extrem- ism threatening both na- tions' interests. Mohammad Javad Zarif did not mention the United States by name in his video message. But with the Iran six-power talks having devolved es- sentially into bilateral U.S.-Iran negotiations over the past year, his comments were clearly di- rected at the Americans, who have been the pri- mary drivers of the crip- pling economic sanctions imposed on his country over its nuclear program. Any deal would result in an end to the sanctions. But negotiations remain bogged down ahead of the extended July 7 tar- get date for an agreement. The West fears Iran could develop its nuclear program to make weap- ons while Iran insists it is only meant to gener- ate power and for other peaceful uses. Suggesting that Islamic extremism is a far greater threat to the world than his coun- try's atomic activities, Zarif called for an end to "unjust economic sanc- tions" and for the West to join Iran in common cause against "the grow- ing menace of violent ex- tremism and outright bar- barism." "The menace we're fac- ing — and I say we, be- cause no one is spared — is embodied by the hooded men who are rav- aging the cradle of civi- lization," Zarif said. He called for realignment from Iran's nuclear activ- ities, saying it was time to "open new horizons to ad- dress important, common challenges." Zarif and U.S Secretary of State John Kerry have taken the lead in the ne- gotiations. NEGOTIATIONS Iran to US: Nuke deal could bring closer ties By Vladimir Isachenkov The Associated Press MOSCOW Russia will consider new selective retaliatory measures against some specific Western countries, the nation's security chief said Friday, pointing at Finland as a possible tar- get. The tough statement appears to herald a new round in spiraling Rus- sia-West confrontation over Ukraine. It followed a session of Russia's Se- curity Council chaired by President Vladimir Putin, who vowed to firmly re- sist Western pressure and ordered to draft a new re- sponse. Russia may, for ex- ample, revise favorable conditions for Finn- ish timber traders in re- sponse to Helsinki's re- fusal to issue a visa to the Russian lower house speaker, the council's sec- retary, Nikolai Patrushev said. He added in tele- vised remarks that Rus- sia wouldn't necessarily make the move, but wants to consider this and other retaliatory measures. Finland has denied en- try to the State Duma speaker, Sergei Narysh- kin, because he was on the EU sanctions list. Naryshkin planned to lead a delegation to next week's session of the Par- liamentary Assembly of the Organization for Se- curity and Cooperation in Europe, and Moscow re- sponded to the Finnish move by boycotting the meeting. Travel restrictions against Russian officials and businessmen are part of the U.S. and the EU re- sponse to Moscow's 2014 annexation of Ukraine's Crimean Peninsula and its support for pro-Rus- sian insurgents in eastern Ukraine. The West also has slapped Russia with economic sanctions, which have cut its access to cap- ital markets and banned transfers of military and energy technologies. Moscow has retaliated to Western sanctions by banning many Western agricultural products. EUROPE Russia mulls new selective sanctions Advertisement IfthiswasyourServiceDirectoryad customers would be reading it right now!! 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