In the Greek capital of Athens the stench of tear gas reportedly still hangs in the in the air this morning. It follows a night of rioting after Greek lawmakers approved harsh new austerity measures demanded by bailout creditors to save the nation from bankruptcy. Many buildings were burned while dozens of stores and cafes […]
In Greece the government has passed the latest austerity measures needed to avoid a default. But they are not accepted by the people. There is a real, boiling anger, a sense that they have been betrayed by their own leaders and by their supposed partners in the European Union. The question this morning is whether […]
Angry protesters gathered in the streets of Athens yesterday, following a vote on austerity measures which the parliament backed with a vote of 155—138. Was any of this avoidable? Is it possible that Greece’s economy was undone by the structure of the Eurozone’s financial rules that demand strict fiscal requirements, but no political unanimity? We […]