The Greek government has imposed new austerity measures, including raising a sales tax and cutting pay for civil servants, to try to help fix its budgetary crisis.
For more on the impact of this major financial issue in the eurozone, Daljit Dhaliwal speaks with Peter Coy, the economics editor for Bloomberg BusinessWeek. He says that other European countries are waiting to see how the Greece government follows through with its pledges — and that the problems in Greece may benefit the U.S. in the short term.
Our German partner Deutsche Welle reports on how many Greek citizens took to the streets to protest the government cutbacks.
03/16/2010 :: 09:05:49 PM
MARNIE Says:
BLAME IT ON ..Big…no..no…..HUGH GOV’T. OVER
SPENDING.. $$$$$ Bable…it always comes tumbling
down…in the… end. weighty $ controling