1. Greek Parliament Approves Austerity Plan
... 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 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 ... . Afterwards, they dropped back to normal. 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 see...
- Word Count: 1157
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate