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Back to Which Way, L.A.?

Which Way, L.A.?

Lessons from Greece in US Debt Crisis

Despite public outrage and yesterday's riots over austerity measures, Athens was quiet today as the Greek parliament put the final touches on spending cuts and tax increases designed to unlock $17 billion in aid from the European Union , the European Central Bank and the International Monetary Fund .

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By Warren Olney • May 12, 2014 • 1 min read

Despite public outrage and yesterday's riots over austerity measures, Athens was quiet today as the Greek parliament put the final touches on spending cuts and tax increases designed to unlock $17 billion in aid from the European Union, the European Central Bank and the International Monetary Fund. If the US doesn't bite a similar bullet, will its "full faith and credit" be suspect in the eyes of the world?

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • KCRW placeholder

    Katie Cooper

    Producer, 'One year Later'

  • KCRW placeholder

    Andrea Brody

    Senior Producer, KCRW's Life Examined and To the Point podcast

  • KCRW placeholder

    Karen Radziner

    Managing Producer, To the Point & Which Way LA?

  • KCRW placeholder

    Nick Malkoutzis

    Macropolis

  • KCRW placeholder

    Zanny Minton Beddoes

    Economist

  • KCRW placeholder

    Jacob Kirkegaard

    Peterson Institute for International Economics

    News
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