“You don’t have to look hard to find a society under stress” New elections and debt defaults face Greece after uncertainty around its election outcome that is also affecting global markets. A report by Philip Williams for ’7.30′, an Australian Broadcasting Corporation current affairs programme. It was broadcast on 15/05/2012. Camera: Cameron John Bauer. PS I fixed for Philip and Cameron in Athens,…
Greece is edging even close to the Euro exit door – after the latest talks to form a government failed. There’ll be more on Tuesday, but markets have already been dropped in reaction, while other EU nations are scrambling contingency plans. The second-largest party in Greece is the latest to refuse to join a coalition that enforces more cuts. Political economist Markus Kerber says even if Athens q…
Last week was a truly hectic one for the EU, with violent anti-austerity demos and political deadlock again casting doubts over the future of the euro. In Spain, as many as hundreds of thousands marched in nationwide protest. They chanted slogans and waved banners demanding an end to cuts and painful austerity. In Italy, violent anti-austerity clashes erupted in the city of Naples, after yet anoth…