1. Greek Parliament Approves Austerity Plan
... the police to release tear gas (Donadio). If Parliament failed to approve these measures, the European Union and the International Monetary Fund vowed to withhold the next installment of funds from the financial bailout that began last year. Without the austerity plan, Greece faced a deepened recession, heightened unemployment, and crumbling living standards. In their current state, Greece is ... Investors foresaw widespread repercussions throughout the international financial system in the wake of a collapse in Greece. Ireland and Portugal, two more European Union countries, are also s...
- Word Count: 1157
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate