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.
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.?
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.