Greece passes steep cuts as riots seize capital

[Billybob]

ATHENS, Greece (AP) — Greece fended off a bankruptcy that threatened to roil global financial markets, approving severe spending cuts and tax increases Wednesday in the face of violent protests by Greeks who say they have suffered enough.


http://beta.news.yahoo.com/greece-passes-steep-cuts-riots-seize-capital-212238333.html

 

[JPK]

They had to to get the Euros to float ANOTHER loan...

 

[Billybob]

They had to to get the Euros to float ANOTHER loan...

Yes, and it only helps things for the short term. Come Sept. they get to do it again I guess.

"The package of austerity measures would keep bailout money flowing to Greece from the rest of the world. It would free $17 billion in fresh loans, although the money will only be enough to see the nation through September."

 

[BadgeBunny]

It is just a matter of time ... the interest on payday loans suck arse ...

 

[FlimFlam]

Here's a fun image, just in case you were curious how much it might hurt our economy, as well as Europe.

from the BBC.

 

[RickN]

Watch it close folks, we are not that far behind. Our government is so screwed up Obama is calling for a tax hike on corp and private owned jets. That tax cut was part of his own Stimulus package.

 

[Shadowrider]

Watch it close folks, we are not that far behind. Our government is so screwed up Obama is calling for a tax hike on corp and private owned jets. That tax cut was part of his own Stimulus package.

Yep. And if he gets it, it will raise a whopping 3 billion. That's gonna make a dent. Not......

Pay attention folks, because this stuff happening in Greece will be happening here if he gets re-elected in 2012. Mark it down. Anyone wanna start a pool on which city starts it?