Archive for May 6th, 2010

06 May

Financial crisis leads to violence

Greece’s problem is simple to diagnose.  For years it has spent more money than it has resulting in massive national debt and an unsustainable spending trajectory.
Yesterday the fallout from the fiscal meltdown turned violent leaving three people dead in a firebomb attack.  Thousands of students, union members and others protested the country’s proposed austerity measures [...]

Posted in Federal Government, Government Spending, National Debt, Peoples Press Collective by: Amy
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