16 Jan '12, 3pm

Greece's Riot Dog Is Back on the Front Lines (video) | Care2 Causes

Greece's Riot Dog Is Back on the Front Lines (video) | Care2 Causes

Things have gone from worse to worse in Greece. On Friday, talks between the Greek government and private lenders fell apart, over discussions about how to reduce the country’s debt of nearly $444 billion (€340 billion) by $130 billion. The installment of a new prime minister, Lucas Papademos, a former Vice President of the European Central Bank and an economist, had raised hopes that Greece could stabilize its massive debt and get its battered economy back on course. The country has been in a recession for three years now and its debt is 142.8% of its GDP. But while Papademos’ government has passed a 2012 national budget, it has still failed to put into practice most of the changes the previous government had agreed to in 2010, at the start of the financial crisis when Greece admitted that it had underreported its debt and was, in essence, broke. Greece is awaiting the ne...

Full article: http://www.care2.com/causes/greeces-riot-dog-is-back-on-t...

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Katie is an editorial assistant for Care2′s Healthy Living. She enjoys writing and editing about pets, food and women’s is...

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