A bailout gone wrong?
"Rioting over harsh austerity measures left three people dead in a torched Athens bank and clouds of tear gas drifting past parliament, in an outburst of anger that underlined the long and difficult struggle Greece faces to stick with painful cutbacks that come with an international bailout. The deaths were the first during a protest in Greece in nearly 20 years.
Fear that the bailout won't stop the debt crisis from spreading to other financially troubled EU countries like Portugal and Spain intensified amid the violence Wednesday, as credit ratings agency Moody's put Portugal on watch for a possible downgrade." http://apnews.myway.com/article/20100505/D9FGTD900.html
No comments:
Post a Comment