Special Series: Continental Shift
How deep cuts in government spending are transforming Europe as it grapples with debt.
Germans’ sacrifices reap rewards
(Michele Tantussi / BLOOMBERG)
Many Germans wonder why neighboring countries can’t make the economic sacrifices they have made.
Portugal tries to transform
The Portugese government has vowed to cut waste and improve competitiveness.
Socialists cut Spain’s welfare state
The crisis has been especially painful for Spain, where cuts were made by a Socialist government.
In Greece, austerity kindles deep discontent
Debt problems have Greece scrambling to contain a breakdown in the rule of law.
London’s poor facing squeeze amid cuts
London’s population shift may emerge as one of the most dramatic examples of the deficit-busting crusade taking place across Europe.
European social benefits are untouchable no more
The social benefits that have been a way of life since World War II seem to now be unaffordable.
Turin’s working-class power a ‘thing of the past’
The Italian town’s history has been replaced by globalization and a merciless economic crisis.
