EU finance ministers defend austerity

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By GABRIELE STEINHAUSER and PABLO GORONDI, Associated Press Gabriele Steinhauser And Pablo Gorondi, Associated Press – 1 hr 11 mins ago

GODOLLO, Hungary – European finance ministers on Saturday defended painful austerity measures as a necessary means to defeat the region’s crippling debt crisis.

Their meeting just outside Budapest will be followed by large union protests in the Hungarian capital against a recent deal to crack down on uncompetitive salary increases and unsustainable pension systems.

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To read the complete article, click here -> http://news.yahoo.com/s/ap/20110409/ap_on_re_us/eu_europe_financial_crisis

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