Europe

Germany May Have Paid A Price For Its Financial Power

Germans had to finance bailouts for countries like Greece, and imposed austerity measures in return. Those who disapprove may have struck back. People across the continent and beyond watched the Eurovision song contest. The German entry finished near the bottom, with countries giving the Germans no points at all

Portugal Struggles To Avoid 2nd Bailout

Portugal's creditors are evaluating the country's latest austerity package, which includes 30,000 public sector layoffs, to determine whether Lisbon might need a second international bailout. The Portuguese government is raising the retirement age and lengthening work weeks to try to squeeze out more revenue, and repay its bailout loans.