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Government finance

The next act: what happens now in Greece's drama

Questions and answers on what Greece and the world economy face in the coming days
David McHugh, The Associated Press

FRANKFURT - Greece has entered the twilight zone.

Out of money, cut off by its creditors, its banks shut, the struggling country will vote Sunday on whether to accept painful cutbacks in return for desperately needed financing.

Between now and then Greece remains suspended between collapse and an uncertain rescue, between membership in the 19-member euro club and the possibility of a humiliating exit.

A look at what's ahead:

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Q: What is the next deadline for Greece?

Japan's PM reshuffles Cabinet to win tax support

Japan's leader reshuffles Cabinet to win opposition support for tax hike proposal
Malcolm Foster, The Associated Press

TOKYO - Japanese Prime Minister Yoshihiko Noda replaced five members of his Cabinet on Friday in a bid to win more co-operation from the opposition to raise the sales tax and rein in the country's bulging fiscal deficit.

Two of the removed ministers had been censured by the opposition for making comments that were deemed inappropriate. Twelve posts were unchanged, including finance and foreign minister.

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