Business

Is Greece the Future of America?

By Sheldon Richman / Campaign for Liberty
It may be possible to look into America's future. How? Watch what's going on in Greece. According to the Washington Post, "Greece needs to raise about €23 billion [more than $31 billion] in April and May to pay debts coming due. Greek officials say that either is impossible, or would require punitive interest rates -- making it harder to bring the budget under control -- unless Europe helps out." So the Greek government awaits a bailout from Germany and France, but first it has to impress them that it is serious about fiscal austerity.
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Posted by Editor at March 18, 2010 03:42 AM