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...decade of overspending, Greece has fallen into a debt crisis. The country--which along with Portugal, Ireland, Italy and Spain is a member of the so-called PIIGS group of troubled European economies--is carrying a deficit close to 13% of GDP, more than four times the E.U. limit. Part of the blame for Greece's economic woes has been placed on padded public-sector wages and rampant tax evasion. Proposed austerity measures, which include a pay freeze for government employees, prompted thousands to go on strike. European leaders, who fear that Greece's troubles will trigger widespread financial strain...
...Limit fees such as charges for exceeding your credit limit or paying your bills online or over the phone...
...Forbid credit-card companies from automatically enrolling customers in often pricey programs that offer the option to charge beyond the credit limit...
...invest in finding new ways to deal with nuclear waste. We suggest that the U.S. collaborate with other nuclear countries—such as France, which has developed a new recycling method that allows the waste to be re-used—in order to develop new techniques to limit the environmental impact of nuclear waste...
...Under pressure from the European Union, the Greek government has outlined a series of public-sector wage cuts and tax increases that are intended to help slash the deficit from the current 12.7% of GDP to the E.U. limit of 3% by 2012. While the impact of the new measures has yet to be felt, the delayed effects of the broader economic crisis are beginning to bite. The country slipped into recession last year and is now facing its worst economic contraction since 1987 - the last time Greece was forced to implement austerity measures following a previous round of government...