Tagged: Debt Crisis

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with massive layoffs in Greece.

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INSKEEP: Greek lawmakers approved emergency plans to cut 15,000 government jobs by the end of next year. They have to do that in order to receive more European Union bailout funds.

The Greek parliament approved a measure in a vote on Sunday. Their new law will overturn what had been a constitutional guarantee for public sector workers to have a permanent position for life.

Transcript

RENEE MONTAGNE, HOST:

Spain has lived through years of punishing budget cuts and austerity. This morning, its government unveiled a new economic plan which eased budget targets but acknowledged that recovery was still a long way off. Thousands took to the streets in Madrid overnight, protesting the country's past measures and tax hikes that have left many without jobs.

Lauren Frayer reports from Madrid.

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Processed food packed with salt, fat and sugar has been making incursions into the traditional diets of countries around the world. Even Italy isn't immune to the reach of junk food. But hard economic times are spurring Italians to rediscover home cooking, and especially bread making.