June 29, 2011
Europe ramped up pressure on the Greek parliament Tuesday to approve drastic austerity measures, warning that it would otherwise face a swift debt default that would rock the world economy.
As Greek police clashed with protesters ahead of this week’s vote, Brussels told Greece that no “Plan B” would be waiting if it failed to pass the measures demanded by creditors in return for loans needed to keep Athens afloat.
“There are decisive moments and the coming hours will be decisive, crucial for the Greek people, but also for the eurozone and the stability of the world economy,” EU president Herman Van Rompuy told the European parliament.
This article was posted: Wednesday, June 29, 2011 at 7:08 am