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Feb 10, 2012

Marketplace Index for Friday, February 10, 2012

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While it looks to some like Greece just won't take its bitter medicine and accept deep austerity measures proposed by its eurozone partners, others say more austerity is essentially political theater. Dimitiri Papadimitriou, the head of the Levy Economics Institute…

Segments From this episode

Consumer sentiment slips

Feb 10, 2012
Macroeconomic signs point to a brighter future, but average Americans are still struggling with the basics.

Greece’s Groundhog Day

Feb 10, 2012
Sunday the Greek parliament votes on whether or not to accept another round of deep cuts.

While it looks to some like Greece just won’t take its bitter medicine and accept deep austerity measures proposed by its eurozone partners, others say more austerity is essentially political theater. Dimitiri Papadimitriou, the head of the Levy Economics Institute of Bard College, says the European Central Bank, the European Union and the International Monetary Fund cannot realistically expect them to be implemented. And the Daily Pulse is down a beat today on news that Americans are less enthusiastic about spending their hard-earned cash than we were a month ago. With gas prices up and wages flat, it’s no surprise that today’s consumer-sentiment index was down.