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Politics
: PR WatchMy Big Fat Greek Bailout
By Mary Bottari
While Treasury Secretary Timothy Geithner was on the talk shows reassuring America that the economy is healing, developments in Europe threatened to cut the legs out from under a U.S. recovery.
The short story is that Greece and a number of other European Union (EU) countries are in debt, deep in debt. EU rules say member countries cannot have budget deficits that exceed three percent of GDP. Greece?s debt is closer to 12 percent.
Full post as published by PR Watch on February 09, 2010 (boomark / email).
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