1. Greek Parliament Approves Austerity Plan
... 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 50 billion euros, or about $72 billion, in state assets. However, many are concerned that the measure will ... The nation's unions also protested the measures by engaging in a 48-hour general strike. This marks the first time the unions have walked out for more than one full day since democracy was first restored to Greece in 1947 following the seven-year military dictatorship (Donadio). ... One protestor said that Greek...
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- Grade Level: Undergraduate