Wednesday, February 22, 2012

In Europe, spending cuts fail to ease debt burdens (AP)

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FILE - In this Feb. 10, 2012 file photo, a protester is led away by police officers during a protest against sweeping labor market reforms announced by Spain's new conservative government in Madrid. Far from falling, government debt burdens are rising fastest in European countries that have enacted the most draconian austerity programs, according to the Associated Press??? Global Economy Tracker. (AP Photo/Pedro Acosta, File)AP - Europe has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120222/ap_on_bi_ge/us_global_economy_tracker_europe_debt

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