Posts Tagged: austerity
Austerity packages and job cuts have not solved lack of consumer confidence in the Latvian banking system or financial officials.
The Spanish government has been showing the world how to repress an uprising European-style.
There is a sense that Italians are holding their breath.
On the verge of default, Greece is caught between an unpopular austerity package and a popular revolt.
If Spain and Italy are forced to apply for bailouts, it is not clear the European Union or the euro would survive.
Much of North Korea's population is starving, yet its government pours money into missile and nuclear programs. Such behavior seems to be the height of irrationality. But North Korea is only following the international community's - especially America's - example.
Whether in crowds of 200 or 250,000, the public is beginning to object to austerity measures.
A popular movement is up against an embattled government in Greece.