Word: budget
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PIIGS 2009 Debts and Budget Deficits...
...Greek Drachmas would get you $3.33. By May 2000, that was down to 27¢. That's the way the currency crumbles in a smallish, less than rich nation beset by government budget deficits, inflation and a spotty record of economic policymaking. Convincing foreign investors to buy your debt is a struggle. Financial life is difficult in ways scarcely imagined by inhabitants of the lucky (and not large) club of nations with solid currencies...
...Frankfurt for whom the Greek economy was but a blip. And the decision makers in Athens with responsibility for fiscal policy continued to blunder. The country kept running big deficits in the boom years. Then came the Great Recession. Last fall, a new government revealed that the 2009 budget deficit was much higher than previously disclosed--nearly 13% of GDP. Ever since, the world's financial markets have been going through another of their periodic losses of faith in Greece. Only this time, it isn't just Greece's problem...
...unclear whether discontinuing the use of DeWolfe overflow housing would affect the budget for Kirkland activities or the jobs of the resident tutors currently living there. House Masters Tom C. and Verena A. Conley could not be reached for comment for this article...
According to the survey findings, the budget cuts have negatively impacted the wellbeing of a significant number of students, leaving them with nutritionally deficient breakfast options...