In Greece, however, the political problem is the mirror image. The austerity required by the end of bailouts is so mind-numbingly severe that the public simply won’t stand for it.

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The new austerity package for Greece includes $9.4 billion in tax hikes, doubling past measures agreed to with bailout lenders that have pushed unemployment to a record 16.2 percent and extended a ...

For most investors, Greece should fade from focus, at least for a while, now a preliminary deal has been struck to extend its bailout. But other sources of political risk remain.

The Political Scene, November 03, 2011 by The New Yorker “European politics are beginning to make all the scurrilous news about Republican … ...