Tag / Euro
-
Enough with Austerity
In the UK, the country I’ve called home for the past few months, we’ve now officially entered an unexpected double-dip recession. Like Obama, Prime Minister David Cameron inherited a huge debt. However, the British pound is much more vulnerable than the dollar, and the Tories decided to institute swift austerity measures for fear of becoming…
-
![]()
Embattled Eurozone
Simmering With Greece “Pass this Bill,” urged President Barack Obama, warning that the alternative to his jobs plan was a crisis that would resemble Europe’s. In Sarah Palin’s letter to her Political Action Committee, she stressed the need for a leader to show the US the way, lest it follows the ‘road to European socialization.”…
-
![Greek Prime Minister George Papandreou (Photo by Vasilis Filis, Wikimedia Commons)]()
Greece Ruins Everything for Everybody
For those of you just joining the ongoing Greek debt/Euro crisis currently unfolding, here’s the abridged version: For years, Greece employed excessive public spending and unchecked debt growth to a blatantly unsustainable degree. Greek public culture grew around this expectation, to the extent that state dependence on employment and tax evasion were the norm. Then,…
