Greece Economy 2012: Why U.S. Politicians Are Quiet About Europe’s Meltdown

venus de milo

Shamus Cooke: Working people in the U.S. need to learn to speak Greek, and adopt an increasingly popular slogan that rejects austerity measures: Tax the Rich!

From the Top of the Acropolis: How Greece’s Economy Imploded

Propylaea

Steven Hill: When the true size of Greece’s deficit was revealed to the world, the bonds markets went berserk. The interest rates on Greece’s sovereign debt spiked to unheard of proportions, threatening the solvency of the government, and the rest is history.

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