Papademos, a former vice president of the European Central Bank, was appointed prime minister in November and spent five months pushing through harsh austerity measures in order to secure a vital international bailout and a major debt relief deal with banks. (sandiegouniontribune.com)
Not that other leaders would disagree with the need to keep the recovery going, but debt - burdened European governments are on the cutback trail, with harsh austerity measures aimed at putting their fiscal houses in order. (theglobeandmail.com)