1. Greek Parliament Approves Austerity Plan
... Greek Parliament finally consented to Prime Minister George Papandreou's package of austerity measures - the only factor standing in the way of Greece receiving the $17 billion from the European Union, the European Central Bank, and the International Monetary Fund that it needed to survive the summer without defaulting. The 155 to 138 vote approved tax increases, wage cuts, and the privatization of ... governments unrealistic statistics. He said that Greece was lucky that their foreign creditors, the European Union and the International Monetary Fund, had given a "vote of confidence in ...
- Word Count: 1157
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate