American credit ratings agencies recently downgraded Greece, Portugal and Ireland’s debt to junk status, making it harder for the EU to avoid an economic meltdown. In Europe, there’s growing discontent over these agencies’ unchecked power.
Eurozone finance ministers and economists from around the world now argue over the best solution to Greece’s spiraling economic crisis. Some want more rigorous austerity measures, while others believe Greece should default on its debt and abandon the Euro.
The Greek Coast Guard on Friday intercepted a boat with Illinois protesters heading to the Gaza Strip. Greece reportedly announced it was banning vessels to Gaza from leaving Greek ports. The boat, called the Audacity of Hope, would have helped form a flotilla planned to challenge Israel’s