6 Oct 2011

Battle for Greece

Greece's latest 24-hour national strike turned violent - with police firing tear gas on angry crowds of protesters. The country all-but-ground to a halt as Greeks made their feelings known about the extra cuts they face so that the country can try and plug the massive 350-billion Euro debt. Greece's financial paralysis is being worsened by the admission it won't hit its budget targets. Economic analyst, Martin Hennecke, thinks the only way for Greece to survive is to default and start fresh. Furthermore he clarifies the fact that if Greece did not exist, there would still be wide scale issues across many other countries.