Greeks Fearful of New Cuts
Greece is beginning to feel the shock of its newly implemented austerity measures. Government jobs are getting cut, pensions are being reduced and the minimum wage is being pushed lower. Many citizens are expressing frustration and anger over the measures, calling it undemocratic and unconstitutional.
Greek Prime Minister, Lucas Papademos, stresses that these cuts are necessary for Greece to regain financial stability. Others point out that with a five-year recession and a standing unemployment rate of 21%, regaining that stability might be a long way off.
Related Topics: Economy and Politics
