Tag: Euro
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Greece deal uncertain as violence erupts
ATHENS, Greece – Greece’s future in the euro is growing increasingly precarious as violence erupts on the streets of Athens during a general strike. Thousands of people marched through the streets to protest the cuts, which include a 22% drop in the minimum wage at time when the unemployment rate is over 20% and the…
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Toward a new Worldwide Economic Crisis
For years, the successive governments of Greece like many others governments of the world today, have been spending money they didn’t have. As a result, the country ran up a massive deficit, reaching an estimated 13.6% by 2010. To deal with it, Greece started to misreport its official financial statistics and actually paid hundreds of…
J. Michael Dennis ll.l., ll.m. Live 