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Austerity Greece Agrees to New Cuts Georges Gobet, AFP / Getty Images

Greece Agrees to New Cuts

Greece might get some more economic aid -- along with more riots. The country's coalition government agreed Thursday to extremely unpopular new austerity measures including $15 billion in budget cuts and $2.6 billion in taxes, comprising 6 percent of Greece's GDP. The government hopes this will be enough to wrangle $40 million in economic aid from the European Commission, the European Central Bank, and the International Monetary Fund. Farther west, France is also looking at a smaller budget, which aims to save $39 billion and looks to be France's toughest budget in 30 years.

September 28, 2012 7:08 AM