Sunday, June 17, 2012

Another Stalemate Looms in Greece

Pro-Austerity Party Ekes Out Victory

The New Democracy Party won. But the victory was too narrow to form a government outright. So another stalemate looms. Read more.

The results are actually astonishing, considering the mass unemployment and devastation that austerity has wrought: 25% of all Greek workers and half of younger Greek workers are unemployed. Those are the official numbers; the real numbers are widely assumed to be much higher.