Greece and Ireland are trying to slash spending as they battle runaway deficits, while Austria has seized control of a bank partly because of its bad loans in Eastern Europe. Together, the bad news has overshadowed recent confirmation that the eurozone as a whole left recession behind with 0.4 percent growth in the third quarter. Continuing fiscal and banking struggles in Dublin, Athens and Vienna demonstrate that the continuing stress imposed by the crisis on the monetary union and the euro,...
Full Story: The Press Democrat
