Banks Reopen in Greece, Everything More Expensive; China Bails Out Stock Market with $209B
Banks Have Reopened in Greece, but Almost Everything Has Become More Expensive. Higher prices have taken effect, with taxes rising on basic goods including meats, cooking oils, coffee, tea, salt, flowers, firewood, fertilizer, insecticides, sanitary towels, and condoms.
China Bails Out Stock Market with $209 Billion Stimulus, But Who’s Getting Saved? Political economist Zhun Xu of Beijing’s Renmin University says China is bailing out its own public-enterprises as part of a flawed plan to jumpstart the economy through the stock market.
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