Daily Austerity Watch: Greece’s Economy Is On Life Support

Posted on: 09, Jun, 2011

Just when things look like they couldn’t get any worse for Greece comes word that the Southern European nation grew at a mere 0.2% in the first three months of the year. That is far worse than originally thought. Critics of austerity, such as the UK newspaper The Guardian, are now arguing the economic situation has turned from alarming to dire. The news comes as a second Greek bailout totaling 120 billion euros is about to be unveiled, higher than the original estimate of 90 billio...

Tags: general , debt , greek , bailout , help

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