The Greek legislature has approved a fierce austerity package and protesters are in the streets of Athens. Approval of the package will pave the way for more bailout money but the violence of the protests suggests that the Greek public is unlikely to accept much more in the way of austerity. This probably is about as far as a bailout/austerity strategy can go.
Will Germany Leave the Euro?
The Greek legislature has approved a fierce austerity package and protesters are in the streets of Athens. Approval of the package will pave the way for more bailout money but the violence of the protests suggests that the Greek public is unlikely to accept much more in the way of austerity. This probably is about […]
July 01, 2011