Wednesday, June 29, 2011

Greece Votes For "Austerity" To Receive International Loans To Prevent Bankruptcy



Greek Parliament Votes in Favor of Billions in Budget Cuts, Taxes -- Voice Of America

Greek politicians have voted in favor of $40 billion worth of austerity measures that were a precondition for Greece to receive international loans and stave off financial disaster. But as strikes take place across the nation and thousands gather in the capital Athens for a second day of protest.

Democracy was born in Greece and many still consider it the cradle of Western civilization.

But in 2011 the bedrock of democracy in Greece, its parliament, has been defended by armed police against battalions of citizens who say their voice has been forgotten.

The root of this crisis is money.

Read more ....

More News On Greece's Debt/Financial Crisis

Greek parliament passes key austerity bill -- Yahoo News/AP
Greek lawmakers endorse austerity despite violence -- Yahoo News/Reuters
Greece adopts austerity amid violent clashes -- Yahoo News/AFP
Greek police battle rioters as austerity bill passed -- Swiss Info
Greece Passes Austerity Plan; 155 For Vs 138 Against -- Wall Street Journal
Greek Parliament Approves Austerity Package -- NPR
Greek protesters attack rebel MP who voted for law -- Reuters
Q&A: What's behind the rioting in Greece? -- CNN
Greek Vote Turns Attention Further Down The Line -- Wall Street Journal
Greek Vote Obscures Europe’s Unsavory Choices: View -- Bloomberg
Greece austerity: Cure or poison? -- Aaron Smith, CNN Money
Greek austerity squeeks through, but budget woes remain -- Robert Marquand, Christian Science Monitor
Greece Passes Austerity Budget. Did they Make a Mistake? -- Megan McArdle, The Atlantic

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