British Economy Reels from Brutal Austerity

This summer has seen Greeks rioting in the streets over austerity measures and now Italians having a bad case of agita as their economy teeters. But if Europe’s nerves are frayed, so are Britain’s. Although not part of the 12-nation eurozone, Britain is going through its own summer of discontent because one of the toughest austerity regimes on record.