1. Greek Parliament Approves Austerity Plan
... 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 50 billion euros, or about $72 billion, in state ... a form of default. The measure will only allow for a little breathing room (Chu). Next week, a second bill will come up for vote detailing how the austerity plan will be implemented. It must pass in order for the next r...
- Word Count: 1157
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate