Budget Cutting Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

They're forced to undergo a budget cutting process which probably they should have undergone a decade ago which is really more of a basic reform process. that's not quite the same thing as what's the argument in the united states or the argument here. so whether austerity works or doesn't work, it depends what is the purpose and what is the goal. and it plays out differently in different parts of europe and the world. >> the country you live in much of the time, poland, has had pretty strong growth. >> poland has had strong growth all the polish economy is closely linked to the german economy,...

Austerity debates and what's happening in britain is not the same as what's happening in greece or the united states. the politics and the economies are different. in greece, for example, the greeks don't have the option of borrowing because nobody will lend to them. their ability to borrow is determined as much by the bond market and by their relationship with germany as anything else. they're forced to undergo a budget cutting process which probably they should have undergone a decade ago which is really more of a basic reform process. that's not quite the same thing as what's the argument i...

Being talked but because there isn't a hard number on what the involvement in libya will cost but everyone here understands it will be a big number. and when you refer to majority leader reid's comments this morning, soft spoken and a bitten couraging, that happened before a new piece of news, and that is t"the new york times" reporting on a conference call with reporters where senate democrats were going to talk about the budget issue. and senator chuck schumer, who is in leadership, was talking to his colleagues, encouraging them to use the word "extreme" when referring to republicans and th...