People are not getting much work done in parts of Europe. Last night, there were violent protests in Spain. They were protests against austerity measures, which is also the case in Greece, where a nationwide strike came today. It closed businesses and schools, and reporter Joanna Kakissis is following the story from Athens.
Greece is in the fifth year of a painful recession, and it doesn't look like it's going to end anytime soon. One big problem the country faces is a shortage of strong companies that know how to compete on the world market. And nowhere is this more painfully apparent than in the challenges faced by the country's olive oil business.
Envoys from what they call the Troika, the International Monetary Fund, the European Commission and the European Central Bank, are back in Greece today and will resume combing through the country's finances to determine if Greece ought to keep receiving bailout loans. They're also expected to push for more austerity measures in exchange for those loans.