Greece Approve Austerity Measures as Protesters Clash with Police
June 29th, 2011This stream was showing some pretty hairy rioting as I posted this:
Via: Telegraph:
The vote taken amid violent protests and a sense of growing social conflict, will this weekend unlock a £10.7 billion transfer to Greece, the fifth instalment in a £98billion EU-IMF bailout agreed 13 months ago.
At the highest levels anxiety remains behind the warm words of relief that Greece could yet plunge the euro into crisis or crash by going bankrupt on 15 July and defaulting on £3.6 million in debt repayments.
Despite the immediate breathing place given by the vote, EU officials and governments are keenly aware that the battle to save Greece and the euro is not over and that victory is far from being assured.
