Greek government submits budget as EU/IMF team arrives (Reuters)

Reuters - Greece's new government took a first step on Friday toward meeting terms of an international bailout needed to avoid bankruptcy, submitting a budget bill that foresees no new austerity measures next year as long as reforms are enacted.

Doubts grow, not economy, under UK austerity drive (AP)

AP - Jobs have been lost, libraries shuttered, sailors sacked and street lights dimmed — Britain is beginning to taste the bitter medicine David Cameron warned was necessary to fix its wounded economy. It's left some wondering: Is the remedy worse than the symptoms?