Word: bailout
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...held that it would be wrong for the people of France and Germany, two of the only European nations with fiscal houses in comparative order, to devote their own tax dollars to reward the Greek government’s gross profligacy and egregious irresponsibility. Instead, we advocated for a bailout of Greece by the International Monetary Fund, as the stigma associated with such a bailout was well-deserved in this case. Additionally, members of the European Union should not have had to further surrender their political sovereignty to unelected bureaucrats in hopes of resolving the EU’s economic...
...details of the E.U.'s bailout deal for Greece...
...Germany is not doing us a favor. No country is doing us a favor," says Spyros Skalitis, a pensioner who has been debating the bailout offer with friends in Athens. "We're just getting more and more in debt ... The position that the country has reached now, it's never going to improve...
...from the markets and will watch to see if the pledge is enough to calm investors and bring down interest rates. If that doesn't happen in the next few days, however, officials quietly admit that Greece may have to put out a begging bowl to Europe. (Read "Greek Bailout: Savior for Euro or Temporary...
...Many Greeks are worried that European countries or the IMF will place harsh conditions on any bailout money and force already struggling Greece to endure more austerity measures. The country has already passed two rounds of such measures in recent months, leading to violent protests by hooded youths in Athens...