Word: debts
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...said that the debt could have detrimental consequences for future generations and accused the administration of President Barack Obama for “stealing opportunity in this land of opportunity,” as well as stating that the deficit makes the U.S. more dependent on other nations...
...makes us less secure. It makes us less free,” Palin said, referring to the debt. “And I’m not calling anyone un-American, but the unintended consequences of these actions, the results, are un-American...
...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...
...even if the agreement gives the government some breathing room, Greece faces a tough road ahead. The markets - and Europe - will be watching closely to see if the country's socialist government can follow through on the deeper structural reforms Greece needs to implement to rein in its staggering debt and jump-start its moribund economy. As part of its pledges to its European partners, Greece has already cut civil servants' pay and raised taxes. But those are merely short-term measures. The bigger challenge is to reform the country's tax and pension systems, liberalize controlled areas...
...that's souring the mood. Greeks are feeling poor - again - and cutting back their spending. According to the National Confederation of Greek Commerce, retail sales are down 15% to 20% so far this year. Support for the government could soon begin to dissolve too. (See why Greece's debt crisis threatens the euro...