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 .
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?