1. Greek Parliament Approves Austerity Plan
... 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 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 ... the austerity measures have already passed, analysts fear that Greece will not be able to enforce the program because of the major public opposition. The government promised to sell off about $72 million in state assets, including p...
- Word Count: 1157
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate