Greeks Strike as Fresh Austerity Plan Sparks Fury

(Euronews: 0726 PT, May 11, 2011) Greece is once again in the grip of a general strike as people protest against the governments raft of harsh austerity measures aimed to keep the debt-ridden the country solvent. Athens is currently planning further measures to save an extra 23 billion euros by 2015, but ordinary Greeks are outraged.

 

 

Violence Erupts During Potests in Athens

(ITN News: 0431 PT, May 11, 2011) Police in Athens have arrested ten people during a violent march against economic austerity measures.

 

 

 
 

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Australia's Booming Dollar Creates Economic Dangers

(Al Jazeera English: 0900 PT, May 10, 2011) Australia appears to have defied the global financial crisis, enjoying several consecutive years of growth. There is another side to this rosy picture though, as the country's strong currency is hurting a number of industries. Andrew Thomas reports.

 

 

 
 

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Political Crisis in Portugal Bad Timing for EU Summit

(Euronews: 0800 PST, March 24, 2011) Europe's leaders are meeting today to sign off on a plan to defend the euro after months of financial turbulence, but Portuguese Prime Minister Jose Socrates resigned after parliament rejected his minority government's plan to avoid a bailout. Socrates' resignation causes a new dilemma for the EU and IMF if Portugal does decide to seek an financial bailout.

 

 
 

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Global Meltdown: Human Fallout

As the waves of the financial meltdown pound banks and governments, the human cost is easily lost in the background. From layoffs to shattered dreams, the global crisis becomes a personal crisis. Do we really see how deeply it reaches into the global community?

 

SOURCES: Al Jazeera English, Qatar; CNN, U.S.; Deutsche Welle, Germany; South Asia Newsline, India; Russia Today, Russia; KBS, South Korea.

 

 
 

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