Friday, December 28, 2012

GREECE - An Economic Object Lesson for U.S.?

"Under Austerity, Greeks Feel Unfolding Social and Humanitarian Crisis" PBS Newshour 12/27/2012

Excerpt

SUMMARY: By the end of 2013, economists estimate Greece's recession will reach levels worse than the Great Depression in the U.S. With huge budget cuts, Greeks have been left with a small safety net even as they struggle to access basic needs. Jeffrey Brown reports how austerity measures have torn apart the social fabric of Greece.

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