Tagged: Debt Crisis

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5:05am

Thu April 5, 2012
The Two-Way

In Greece, Retiree's Suicide Sparks Protests And Clashes With Police

Credit Aris Messinis / AFP/Getty Images

The human toll from the financial crisis in Greece now has a human face.

After 77-year-old retired pharmacist Dimitris Christoulas killed himself Wednesday outside the parliament building in Athens, a suicide note he left was reported to say that he felt he must take a "dignified end to my life" because austerity measures and "annihilated all traces for my survival," particularly his pension.

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2:00am

Thu April 5, 2012
Business

Bond Auction Indicates Europe's Troubles Persist

A Spanish bond auction went poorly Wednesday, suggesting that Spain may be becoming the next Greece. It was the first auction without a lot of help from the European central bank.

7:50am

Mon April 2, 2012
The Two-Way

Irish Protest Against Household Tax As Austerity Pain Bites Further

Originally published on Mon April 2, 2012 8:55 am

Credit Shawn Pogatchnik / AP

House prices have crashed. Banks and businesses have failed. Jobs have been axed. People are struggling to make the mortgage.

The Republic of Ireland's 4.6 million people have suffered considerably since the financial crisis began four years ago, forcing their government to turn to the European Union and International Monetary Fund for a $90 billion bail-out.

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6:31am

Fri March 30, 2012

3:52am

Sun March 18, 2012
Europe

After Spain's Construction Bust, Gardens Bloom

Spain is littered with vacant lots and half-built apartment complexes, where developers ran out of money when the construction bubble burst.

But in one Madrid barrio, neighbors are putting an abandoned tract of urban space to creative use.

Behind a chain link fence, in a dusty weed-filled lot between two soaring apartment blocks, Emilio de la Rosa is planting vegetables.

"Different types of products — garlic, beans, tomatoes, lettuce," he says. "We're teaching our children where tomatoes come from — not from the grocery store, but the ground."

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