After a number of surprising twists, the recent Greek drama finally took an expected turn Monday, with news that Greece and its creditors struck a tentative deal — $ 96 billion USD in aid from Eurozone leaders in exchange for tough austerity measure — that would seemingly avoid a Greek exit from the euro currency. (blackrockblog.com)
June 30, 2011 • Strikes in Britain are the latest in a series of protests sweeping Europe over the imposition of tough austerity measures aimed at controlling debt and spending. (npr.org)
The results provide the most comprehensive and up to date picture of the effect of the economic downturn on Greece, which received its first bailout of $ 110 billion in 2010 with strict conditions including tough austerity measures; privatisation of government assets; and dramatic changes to the country's industries and government. (sciencedaily.com)