1. Greek Parliament Approves Austerity Plan
... wage cuts, and the privatization of 50 billion euros, or about $72 billion, in state assets. However, many are concerned that the measure will not be enough, but a second bailout is in the works for the July 3rd meeting of euro zone finance ministers in Brussels. The bill was met ... Greece faced a deepened recession, heightened unemployment, and crumbling living standards. In their current state, Greece is unable to raise money in the private market and will not be able to pay its bills without the loan (Chu). "The choice is simple: Either we press ahead with the road of change, a road...
- Word Count: 1157
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate