FROM Russell Shorto
Greek Austerity and the Spreading EuroZone Crisis One Greek writer says, if you have to choose between death and a bailout, you choose the bailout. But that doesn't mean that life will get any better. With a show of hands in an almost empty chamber, the Greek Parliament today accepted a €107 billion bailout, its second from other EuroZone countries. It also approved a 53 percent "haircut" for private bondholders, in a package that's expected to mean a fifth year of recession. Yet there are widespread predictions that things will only get worse. New austerity measures are more likely to increase unemployment and decrease pensions and public services than produce economic recovery. We hear why so many Greeks are leaving the country and why its problems are so dangerous for the rest of Europe and the United States.
What Does 'Austerity' Really Mean for Greeks? Half of all Greeks under 25 are unemployed. There are regulator riots on the streets of Athens, and the suicide rate has increased by 40 percent. What's likely to happen after the next Eurozone bailout? Russell Shorter is director of the John Adams Institute in Amsterdam and a contributor to the New York Times Sunday Magazine .
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Trump's new look at civil rights and global warming President Trump is reportedly ready to pull the US out of the Paris Agreement on Climate Change. We look at the possible consequences. On the second half of the program, we hear about cuts in Obama-Era civil rights programs called for by the Trump Administration's first budget plan.