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Greece's austerity deal: Too little too late?

Greek leaders just can't please anyone. Thousands protested in Athens this week after Greek politicians, trying to win a massive European bailout, finally accepted a new round of job and spending cuts. Then, European ministers declared late Thursday that the controversial austerity plan doesn't go far enough. They gave Athens' divided parliament a week to come up with another $430 million in savings — in exchange for a new $170 billion bailout that Greece needs to avoid defaulting on its debt.
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Greeks To Protest Over Tough Bailout Terms

News : The Coming Crisis (3 years ago)

A wave of fresh protests is expected to hit Greece today after eurozone finance ministers rejected the country's proposals on austerity. Greek leaders agreed a last-minute deal including three-billion euros worth of cuts - but Bruss... Read Post

Tens Of Thousands Of Greek Workers Protest Austerity Measures

News : The Two-Way (4 years ago)

Workers massed in downtown Athens and other cities in Greece as outraged citizens expressed fury at their government's proposed spending cuts, intended to cut down Greece's massive budget deficit by a third. Read Post

Why Another Greek Bailout Is Now Becoming Less And Less Likely By The Day

Business & Finance : Business Insider: Clusterstock (4 years ago)

Today, massive protests in Athens are targeting the government's push for more austerity measures. Last night, European Union leaders failed to come to a deal on the next bailout for Greece. That bailout has now been pushed back to ... Read Post


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