The IMF-backed EU bailout of Greece gave Athens access to new credit on the condition that the Greeks implement austerity measures. Austerity has been a great success — Greece has reduced its budget deficit dramatically by cutting public spending, pension benefits, salaries, etc. — but the draconian reductions have had a devastating effect on the economy, which was heavily dependent on government spending. Economic activity has slowed to such an extent that unemployment in some areas is 70%.
In other news, a judge in Perth, Australia, has ruled that a witness must remove her niqab before she testifies as a witness in a court case.
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Thanks to Anne-Kit, Erick Stakelbeck, ESW, Fjordman, Gaia, Insubria, JP, Russkiy, and all the other tipsters who sent these in.
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