The Greek government has imposed new austerity measures, including raising sales taxes and cutting pay for civil servants, 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. And our German partner Deutsche Welle reports.
All Posts Tagged With: "Greece"
Federal Reserve Chairman Ben Bernanke said today he is looking into whether Goldman Sachs and other Wall Street firms may have helped push Greece toward a ruinous level of debt through the use of credit default swaps. For more, Martin Savidge speaks with Roben Farzad, a senior writer for Bloomberg BusinessWeek.
Greece is continuing its struggle against debt that is threatening the entire eurozone economy. U.S. and European stocks fell amid concern that Greece will not be able to meet its budget deficit targets. We offer a wrap-up of online commentary.
A wave of unrest is building across Europe, as governments there seek to impose austerity measures. Several European countries -- Greece, Spain and Ireland -- are deeply in debt and under intense pressure to slash spending. For more, Martin Savidge interviews John Authers, and Deutsche Welle reports from around Europe.
In this week's roundtable discussion, we focus on Europe's economic challenges, including the debt crisis in Greece that has many Europeans worried about their common currency. We also focus on Iran and what the regime is trying to achieve by moving to a higher level of uranium enrichment. Carla Robbins and Garrick Utley join Daljit Dhaliwal.
Lawmakers in Portugal today defeated a plan to cut government spending, adding to fears that financial crisis will spread across the region. Daljit Dhaliwal spoke with Marcus Mabry, international business editor of The New York Times, about a potential European financial meltdown.
Today there was another reminder of just how fragile the world economy remains. The budget deficits of Greece, Portugal and Spain -- nations that use the Euro -- exceed 8 percent of GDP and could impact the economic fortunes of countries far from Southern Europe. These governments risk defaulting on their debts by failing to control spending.
For the second part of our series on disability around the world, Worldfocus producer Megan Thompson reports on a university in Greece using new technology to help blind people negotiate their surroundings.
It's been 20 years since Congress passed the Americans with Disabilities Act, guaranteeing disabled Americans protection under the law. That is not always the case in other countries. During a trip to Greece last summer, producer Megan Thompson met a young woman who showed her how challenging Athens life is in a wheelchair.
This week, Worldfocus is airing two Signature stories about handicapped issues in Greece. Tonight, we look at the challenges of being wheelchair-bound in Athens. And tomorrow night, we'll look at a new high-tech device being tested in Greece that helps visually disabled people be more mobile. Do you think enough is being done to help the disabled?