Greece, Its Back to the Wall, Adopts Austerity Steps

July 16 Comments Off on Greece, Its Back to the Wall, Adopts Austerity Steps Category: Feed, Tumblr

Greece, Its Back to the Wall, Adopts Austerity Steps:

Greece has taken the European Union’s harsh terms. Will they work? I sort of doubt it.

The dangerous truth about Europe’s obsession with austerity: Why the Greek anti-bailout vote was so important

July 06 Comments Off on The dangerous truth about Europe’s obsession with austerity: Why the Greek anti-bailout vote was so important Category: Feed, Tumblr

The dangerous truth about Europe’s obsession with austerity: Why the Greek anti-bailout vote was so important

"The numbers were breathtaking. A single bank, Anglo Irish, which, two years before, the Irish…"

December 02 Comments Off on "The numbers were breathtaking. A single bank, Anglo Irish, which, two years before, the Irish…" Category: Feed, Tumblr

“The numbers were breathtaking. A single bank, Anglo Irish, which, two years before, the Irish government had claimed was merely suffering from a “liquidity problem,” faced losses of up to 34 billion euros. To get some sense of how “34 billion …