1. Greek Parliament Approves Austerity Plan
... 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 ... brave act of political responsibility" (Chu). The stock markets fluctuated greatly. Before the vote was passed, the stock markets across Europe and much of Asia improved in the hopes that the measure would be approved. Afterwards, they dropped back to normal. In...
- Word Count: 1157
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate