Greece Gets Closer to the Cliff
The world shifts uneasily in its chair as world leaders prepare for a new round of Greek elections on June 17, which could mean an unprecedented exit of Greece from the euro zone.
We Aren’t Greece…Yet
The protests in Greece have shown that Greeks are unsatisfied with the economy. Americans too are in desperate need of jobs and demand deficit reduction from Washington. Check out our latest inforgraphic on the statistics of the two countries and their three main parallels.
World at a Glance: Greece & the U.S.
Once again, Greece finds the international community questioning its ability to pay its debts. Default and an exit from the Euro Zone (or countries which share the Euro as a common currency) threatens on the horizon. Here in the U.S., we face high debts and have a lowered credit rating due to Washington’s inability to agree on deficit reduction. Just how alike are our two nations?
Roles Reversed
Following the elections in Greece and France on Sunday, many are speculating on the future of Greece in the European Union.
Uncertain Austerity
With public spending accounting for 56% of GDP and a high overall tax rate, new French President Francois Hollande may have little room to put in place his pro-growth policies, should he honor campaign promises to reduce the deficit to 3% of GDP.
