Greece is hurting financially and the new interim government think it has a solution: go after tax evaders.
Charities in Greece say parents are increasingly asking the groups to take in their children because they are too poor to raise them.
The European debt crisis has engulfed the 17 countries that use the euro and is already having an impact on this side of the Atlantic.
The cash-strapped Greek government is hoping to raise 2 billion euros by the end of the year through an emergency property tax which has been added to homeowner’s electricity bills.
Former European Central Bank vice-president Lucas Papademos has been named as Greece’s new prime minister, following days of negotiations. Papademos said he was taking over at a “critical point” for Greece.
Greece’s powerful oligarchs exert influence over business, finance and media. And the government sees the oligarchs as some of the biggest tax evaders in Greece.
Many Greeks have had enough of the austerity measures intended to keep the country from defaulting. Some of them are starting to say “No.”
The Greek government is planning more cut-backs, but public sector workers say they’re already reeling from wage cuts and other austerity measures.
Richard Parker has been advising Greek Prime Minister George Papandreou. He tells host Lisa Mullins that Greek’s fiscal crisis is not an isolated event, but the ongoing echo of the 2008 Wall Street meltdown.
Amid all the economic doom and gloom coming from Greece these days, you’d think the Greeks don’t have much to laugh about. But actually, humor is alive and well in Greece, and it’s helping many cope with some dark times.
A 24-hour general strike is under way in Greece in protest at the nation’s austerity measures.
European leaders say the existing agencies have too much power and are adding to the so-called euro-zone’s debt crisis.
European leaders are debating what to do next to protect the financial markets from further instability.
A nationwide 48-hour strike is under way and violent clashes are continuing.