Austerity steps approved by PM - Business Recorder
ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar approved a number of austerity measures to stop unnecessary...
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ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar approved a number of austerity measures to stop unnecessary...
of may. that's the biggest monthly loss in nearly a year. in case you were thinking that europe's crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america's 401(k)s are losing value thanks to greece and spain. why? well, because if and when greece drops the euro, it's a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world's biggest economy and america's biggest trading partner. it means at least tens of thousands of american jobs will be...
in case you were thinking that europe's crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america's 401(k)s are losing value thanks to greece and spain. well, because if and when greece drops the euro, it's a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world's biggest economy and america's biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. destitution and riots. ...
in nearly a year. in case you were thinking that europe's crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america's 401(k)s are losing value thanks to greece and spain. why? well, because if and when greece drops the euro, it's a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world's biggest economy and america's biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. ...
Things moving forward, the fact that greece did actually decide to do whatever it had to do to stay in the eurozone. >> but the essential problem remains in that you have disparate economies between the so-called rich and the poor. disparate fiscal policies. and as long as the public in places like greece is not willing to take so-called austerity steps, you aren't going to get past the political problem so that they can ever really -- the eurozone can ever really make sense and be coordinated and have any kind of harmonization. >> you look at what happened last week in greece where the prime ...