An Austerity bill passes in Greece causing the streets to riot. This was passed to the Greek Government would get a second round of funding to avoid complete bankruptcy for the country that has been in trouble for some time now. The streets were on fire. Rioters were destroying local businesses and throwing firebombs at police. This was definitely and still is a horrible site.
The deep pay and pension cuts are what has the people so frustrated. Over 130 billion euro in bailout money is need to keep the country afloat. The real questions is how did they dig so deep. Almost 200 lawmakers backed the bill but 43 deputies from other parties voted against the bill. Not only were job cuts made, but actual salaries were cut as well. Minimum wage was dropped 22 percent. The hard part of this is how one small country can affect the whole euro zone.
Over 14 billion euros are needed to cover Greece’s debt before March 20th. If this debt is not paid, the defaults would bring even more rioting and bloodshed most likely.
Here is a quote that we took from the event. “Enough is enough!” said 88-year-old Manoliss Glezoss, one of Greece’s more elaborate left party. “They have no idea what an uprising by the Greek people means. And the Greek people, regardless of ideology, have risen.”
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