Friday, May 7, 2010

Greek Parliament Passes Austerity Measures

New York TimesMay 7, 2010

The Greek Parliament passed a package of tough austerity measures on Thursday, trying to stave off economic collapse and help prevent debt contagion from spreading.

The vote, taken one day before leaders of the 16-member euro zone meet in Brussels to discuss final details of a rescue package for Greece, was seen as crucial in helping the country secure the aid.

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