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Obama: US would not spend USD 50 billion on Olympics

President Barack Obama said that the United States would not need to match the huge USD 50 billion shelled out by Russia if it wanted to host another Olympic Games.

Greek PM calls for end to cronyism

The worst of Greece`s financial crisis is over but the debt-stricken country must tackle cronyism and cut back on waste to emerge a stronger nation, Prime Minister George Papandreou said.