1. Austerity

    Greece Agrees to New Cuts

    Greek radical leftist party Syriza leader Alexis Tsipras gives a press conference on September 27, 2012  prior to a working session with European Parliament President at the Euopean Parliament in Brussels.   AFP PHOTO / GEORGES GOBET        (Photo credit should read GEORGES GOBET/AFP/GettyImages)

    Georges Gobet, AFP / Getty Images

    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.

    Read it at The New York Times