As Greece Awaits Bailout, Southern Europe Seethes -- Robert Marquand, Christian Science Monitor
European governments are expected to sign off on a second bailout for Greece today. But conditions set on rescue money have fueled populist unrest in southern Europe.
he mood is growing surly in the south of Europe as austerity measures take hold. With unemployment at 20 percent in some countries – and youth unemployment as high as 50 percent – warnings are growing sharper about a troubling rise of populist feeling.
The current chaos in Greece presents a vivid example.
Ahead of a key March deadline, the Greek government agreed – after much political agonizing and protesters' torching of dozens of buildings throughout Athens – to a number of cuts demanded by the European Union and International Monetary Fund in exchange for a bailout necessary to remain solvent. Minimum wages and public jobs will be cut. More taxes will be raised and collected. Greece will cede a substantial amount of economic sovereignty to international lenders.
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More News On Greece's Debt/Financial Crisis
Debt crisis and Greek bail-out: live -- The Telegraph
Greece Moves Toward Second Bailout -- Bloomberg
Eurozone leaders battle to secure Greek deal -- The Telegraph
Europe hopes for a deal at last in €130bn Greek saga -- The Independent
Decision day for Greece -- Financial Post/Reuters
Eurozone heading for deal on new Greek bailout -- Channel News Asia
Eurozone ministers hold marathon talks on Greek bailout -- BBC
Eurogroup discussing 53.5 pct private sector Greek losses - source -- Reuters
Bailout for Greece snags on bigger haircut for private creditors -- The Australian
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