Tag Archives: greece

Stacy Summary: A remarkable question to ask after so many thousands of years of civilization.

• Is Greece still viable?

• A Tale Of Greed, Tax Evasion And Scandalous Waste In Greece

For the truth about Greece, read this piece “Democracy vs. Mythology”

• Americans Work Less Than Four Hours Per Day, Survey Finds

• Greek debt crisis: George Papandreou in emergency talks for more EU money; Greek protesters warn that ‘people may die’ as anger over fresh austerity measures sees Athens in revolt

Twenty months after the socialist leader assumed office – only to discover that, at 15.4% of GDP, Greece’s budget deficit was three times higher than that claimed by the outgoing conservatives – Greeks’ patience with austerity is running out. A year of wage and pension cuts, benefit losses and tax increases has taken its toll: almost a quarter of the population now live below the poverty line, unemployment is at a record 16% and, as the economy contracts for a third year, economists estimate that about 100,000 businesses have closed.

Stacy Summary: Hat tip to @Hullabaloo of Covering Delta