UPDATE: CNBC has called the Greek election; the “No’s” have won. Greek voters resoundingly rejected the European Union’s austerity demands in a referendum today, with “No” winning by 61.3%-38.7% with all the votes counted. That means Greece’s socialist gove[...]
Posts Tagged ‘Austerity’
Paul Krugman: Washington has Written Off the Unemployed
More than three years after we entered the worst economic slump since the 1930s, Washington has lost interest in the unemployed. One-sixth of America’s workers — all those who can’t find any job or are stuck with part-time work when they want a full-time job — have, in effect, been abandoned[...]