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In a vote that already has the makings of being enshrined in history, the parliament of Cyprus voted on Tuesday evening to reject the EU-sponsored "bailout" of the country's economy. This "bailout" ...
by neo11
Comment Count 143 comments on Tue Mar 19, 2013 at 12:14 PM PDT with 153 Recommends
Are Europe's PIIGS destined for economic slaughter? The only way to avoid ...
by The Anomaly
Comment Count 16 comments on Tue Nov 08, 2011 at 04:44 PM PST with 27 Recommends
Today, March 25th, is Greek Independence Day, but in Athens, just as in Nicosia, there is little reason to celebrate. In the wee hours of Monday morning, the Eurogroup and Cypriot government ...
by neo11
Comment Count 24 comments on Sun Mar 24, 2013 at 09:02 PM PDT with 18 Recommends
The historic "no" of the Cypriot parliament to the "bailout" and "haircut" of bank deposits prescribed by the EU has a historical precedent: Cyprus' rejection of the Annan Plan for "reunification" ...
by neo11
Comment Count 18 comments on Wed Mar 20, 2013 at 11:12 AM PDT with 12 Recommends
On DailyKos I’ve been reading a drumbeat of calls for austerity and budget cuts in American social spending. Everyone is concerned about the deficit. The question is, what do we do about it? ...
by upstate NY
Comment Count 14 comments on Sat May 01, 2010 at 05:17 PM PDT with 10 Recommends
A tale of two European Unions: austerity-choked Greece on the one hand, where tens of thousands of households kept warm by burning firewood and whatever else they could find this past winter; and ...
by neo11
Comment Count 8 comments on Tue Mar 19, 2013 at 10:46 AM PDT with 5 Recommends
By: inoljt, http://mypolitikal.com/ What country cut government spending the most in 2011? Most people would generally agree that the answer is Greece. Smack in the middle of a debt crisis, Greece'
by Inoljt
Comment Count 10 comments on Sun Feb 26, 2012 at 08:26 PM PST with 3 Recommends