Greek Parliament Passes Austerity Aid Package

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The Greek parliament passed a tough austerity aid program by a vote of 172 to 121. The vote opens the way for Greece to start drawing down the $140 billion dollars in bilateral loans from other eurozone states and the IMF.



Passage of aid package is Greece's chance to avert default and overhaul its public administration. It is deemed the biggest challenge since it emerged from military dictatorship in 1974.

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Greek Parliament Passes Austerity Aid Package originally appeared on BloggingStocks on Thu, 06 May 2010 18:30:00 EST. Please see our terms for use of feeds.

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