RENEE MONTAGNE, host: NPR's business news starts with a bailout in Europe.</s>RENEE MONTAGNE, host: European governments are working to put together a financial rescue for their heavily indebted member state, Greece. The Greek government is under pressure to get its financial house in order before its economic crisis affects other EU nations. Greece has announced austerity plans that include freezing the pay of civil servants, increasing taxes and raising the retirement age.</s>RENEE MONTAGNE, host: Many Greeks are upset; farmers have been protesting for weeks, and civil servants began a 24-hour strike, today, that shutdown government services and grounded flights.
The Greek government is under pressure to get its financial house in order. Officials have announced austerity plans that include freezing the pay of civil servants, increasing taxes and raising the retirement age. Farmers have been protesting for weeks. Civil servants began a 24-hour strike that shut down government services and grounded flights.