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Conservative party suffers losses in U.K. elections

May 4, 2012
This weekend, voters in both France and Greece will go to the polls, and the expectation is that they'll be in a bit of an anti-austerity mood. One clue came yesterday in the U.K. where voters delivered big losses to the ruling Conservative party.
Posted In: U.K., elections, david cameron, austerity

Europe shifts away from austerity, but that's easier said than done

May 3, 2012
The head of the European Central Bank said today that economic growth has to be central to the plan to get Europe out of its debt crisis
Posted In: European Central Bank, austerity

Should U.S. fear austerity?

May 2, 2012
Commentator Robert Reich says new recession could follow if the U.S. adopts Europe's deep cuts in government spending.
Posted In: austerity, government spending

Austerity rules in Europe, but the people push back

Apr 24, 2012
French president Nicholas Sarkozy and former Dutch Prime Minister Mark Rutte find rising popular resentment at the austerity packages they implement.
Posted In: austerity, France, Netherlands

France, Netherlands backing down from austerity

Apr 23, 2012
Europe's strategy for dealing with it's debt crisis was called into question over the weekend following two big political developments: One in France, one in the Netherlands.
Posted In: austerity, France, Netherlands

U.S. warns Europe on 'draconian' austerity

Mar 20, 2012
Treasury Secretary Tim Geithner testifies on Capitol Hill Tuesday about the European Debt crisis, urging European countries to avoid 'draconian' budget cuts that could make matters worse.
Posted In: Timothy Geithner, Europe debt crisis, austerity

The Greek spending cuts in U.S. terms

Feb 13, 2012
More strict austerity measures were passed in Greece over the weekend. What would the equivalent of the cuts look like here at home?
Posted In: Greece, austerity, budget cuts, Europe debt crisis

More uncertainty looms after Greek cuts

Feb 13, 2012
Greeks rioted over the weekend, burning dozens of buildings in protest against budget cuts that are the latest condition for a $170 billion bailout from the European Union and the International Monetary Fund.
Posted In: Greece, austerity, IMF, Europe debt crisis

Greece adopts drastic austerity measures

Feb 13, 2012
Overnight, the Greek parliament imposed drastic cuts that will layoff some 150,000 government workers, raise the retirement age and lower the minimum wage by 20 percent. What would the same cutbacks feel like here in the U.S.?
Posted In: Greece, austerity, budget cuts

Protests in Athens over latest proposed cuts

Feb 10, 2012
Greeks are striking again today to protest deep cuts the government wants to make in order to get more bailout money. But even the most recent austerity deal Greece proposed might not be enough.
Posted In: Greece, austerity, budget cuts, Europe debt crisis

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