Will the Greek measures be enough to stem the crisis?
What a price to remain in the Euro
The big story in Europe overnight has been the Greek parliament’s decision to adopt an austerity package and the riots that were taking place while discussion continued.
The plan means that another 150,000 public sector workers will lose their jobs and the country’s minimum wage is being cut by a huge 22%.
On Wednesday Eurozone finance ministers todecide whether the Geeek moves are enough to allow a 130bn euro bailout package to go forward.
If so then Greece would remain in the Euro but at what a price.
Mike Smithson @MikeSmithsonOGH
