29/06/2011

Greek MPs Go Austere

Greek politicians have narrowly voted to approve a critical set of debt-reduction measuresGreek politicians have narrowly voted to approve a critical set of debt-reduction measures, as violent protests continue in the streets of Athens.

Yup, there’s nothing like a large repair bill to really help a country nearing bankruptcy.

155 MPs voted for the bill, 138 MPs rejected it. One of those who voted against it - a deputy of the ruling party - was immediately expelled by the Greek prime minister George Papandreou.

Yup, there’s nothing like increasing the unemployment figures to really help a country nearing bankruptcy.

Not all of the protesters were violent though. Tens of thousands of Greeks have been taking to the streets since early on Tuesday against what they see as unreasonable demands from the EU and IMF.

Yeah, take a few days off work. It’s not like a drop in GDP will make things worse for a country nearing bankruptcy.

>Read the source story
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