Greece: Still in crisis (Bildserie)

18. Juni 2011 | Kategorie: Aufgelesen

Over the last decade, Greece went on a debt binge that came crashing to an end in late 2009, provoking an economic crisis. Over the next two years, Greece relied on bailout money from its richer neighbors and implemented austerity measures meant to cut its bloated deficit and restore investor confidence. But by June 2011 it found itself deep in a second recession, near the end of its cash and facing a political crisis, as anti-austerity demonstrations grew. Violence broke out this week during one of those demonstrations, injuring 11, as the frustration continued to grow and no quick fixes emerged. Today, Greece’s Prime Minister George Papandreou, in a broad cabinet reshuffle, appointed a new Finance Minister, Evangelos Venizelos, in hopes of turning his country around. – Paula Nelson (43 photos total)… via Greece: Still in crisis – The Big Picture – Boston.com.

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