The Greek government Tuesday added new economic problems to the social ones it has faced since rioting over the 6-7 December weekend. Major financial ratings groups downgraded the country’s economy, with Fitch putting it at “negative”, raising concerns about possible insolvency. Over the weekend riot forces confronted large crowds who marched in commemoration of a 15-year-old student killed in December 2008 by police. Ireland faces nervous citizens and investors today with the publication of its new budget, expected to show massive cuts of €4 billion in social services and other sensitive areas.

Links to other sites: DigitalLook/Yahoo, Irish Times, RTE, Ireland, Sydney Morning Herald, Australia

Posted by Ellen Wallace on 9 December 2009 at 8:28 | permalink
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News story, GenevaLunch, 9 December 2009.

Filed under: World news

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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.