News and Stuff 10-18-2012

Greece is coming back into the news.   This time, the protests are even more violent and the smart kids are saying that Greece is officially in a depression.  With all the economic news and stats coming out of Greece, I'd say they've been in a depression for quite some time. 

Greece, Spain 'in depression': Nobel winner Stiglitz
17 October 2012 - 21H09
AFP - Greece and Spain are in "depression, not recession", Nobel prize-winning economist Joseph Stiglitz said on Wednesday, blaming tough austerity measures for their downward economic spiral.
Stiglitz also maintained that the International Monetary Fund was "a little too optimistic" in its forecast last week that the eurozone economy would shrink by 0.4 percent in 2012 and rise by 0.2 percent next year.

Violence breaks out at Greek anti-austerity demo

By DEREK GATOPOULOS | Associated Press

ATHENS, Greece (AP) — Hundreds of youths pelted riot police with petrol bombs, bottles and chunks of marble Thursday as yet another Greek anti-austerity demonstration descended into violence, less than a month after more intense clashes broke out during a similar protest.

Authorities said around 70,000 protesters took to the street in two separate demonstrations in Athens during the country's second general strike in a month as workers across the country walked off the job to protest new austerity measures the government is negotiating with Greece's international creditors.