Angry protesters again took to the streets in Athens over the cuts and tax hikes the Greek government is planning amidst a financial bailout from the European Union and the International Monetary Fund. Margaret Warner talks to an economist about…
The European Union and the International Monetary Fund have made progress in securing a rescue package to keep Greece from defaulting on its debt, as citizens protested the stark austerity measures the government is considering. Margaret Warner reports.
In other news on Friday, Greece officially asked the European Union and the International Monetary Fund for a bailout from its debt crisis, and a new wave of bombings targeting Shiite worshipers in Iraq killed 60 people.
In other news Wednesday, diplomats in the European Union worked on policies to quash the spreading debt crisis and Pope Benedict accepted the resignation of an Irish bishop embroiled in the child sex abuse scandal.
Greece's financial woes are causing problems on its own shores, as public workers protested government cuts Wendesday. But the debt crisis is making waves abroad as well. Jeffrey Brown talks to Roben Farzhad with Bloomberg Business Week for more.
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