Boston's New Labor Blog filled with economic royalists and serfs. A guide to complete sub-minimum wage employment in the new economy.
Please support the blog by shopping for products on the right hand column.
Wednesday, June 6, 2012
Greece Still Going Broke, Now Faster And With More Broke-Ness
If you could rely on anything in the past couple of years, it is that Greece is always going broke. Now it turns out that Greece is going broke faster than almost anybody expected.
The Greek government is struggling to collect enough tax revenue to cover its immediate bills, the New York Timesreported on Wednesday, leaving it about 1.7 billion euros shy of its budget goals. It may soon need to freeze government salaries and pensions, temporarily halt imports of food, fuel and medicine, or dip into cash intended to help Greece's gutted banks, the Times writes.