Greece Closed due to Tax Payers Strike

Public sector employees shut down Greece Wednesday to protest the government's plan to decrease benefits and raise taxes in an effort to lower its debt.

This is the second protest to occur after the European Union told Greece that it must lower its $400 billion debt, reports The New York Times.

Arrangements made with Goldman Sachs and Greece that allowed Greece to borrow large amounts of money are being examined according to Federal Reserve Chairman Ben Bernanke, reports the Associated Press.

The New York Times reports that Goldman Sachs made $300 million in 2001 after helping Athens borrow billions.

About this Entry

This page contains a single entry by heim0143 published on February 25, 2010 11:51 PM.

Dalai Lama visits Obama was the previous entry in this blog.

Meeting of the Minds is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.