Introduction to International Politics
Foreign Event Analysis
| Locale | ![[]](http://www.kvasaheim.com/flags/flag15-gr.png "Flag of Greece") | Greece |
|---|---|---|
| Title |
Greece Passes Austerity Bill
| |
| Summary |
Despite riots and protests the Greece’s Parliament passed a new austerity bill 154-144. The bill will cut pensions, wages, and temporary lay-offs for some 30,000 public sector jobs. One thing the bill will not cut is taxes which will rise to help meet demands of the austerity. The adopting of the bill should certify the European Union and International Monetary Fund loan Greece 8 billion Euros which should keep the country afloat past November.
| |
| Analysis |
Greece is in dire straits and the European Union is doing everything it can to help Greece and her dying economy. The Eurozone is in a debt crisis and many fear that the situation in Greece will spread and the unraveling of Europe will happen. Many leaders from many groups are offering help with what they can to ensure the prosperity and economic stability in Europe.
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| Perspective |  | Liberal |
| In-Region URL | ||
| Out-of-Region URL | ||
| Submitted | October 21, 2011 at 01:41 am | |
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