Jun
07
2011
Second bailout for Greece – Thousands of protesters outside the Parliament
Posted by Arms Control Center in REVOLUTIONS, tags: austerity measures, bailout, Greece, greeks, protestersA top European Central Bank official says Greece could receive a second bailout to avert a possible default on June 29th, when the government’s next debt payment comes due. Central Bank board member Lorenzo Bini Smaghi tells the Financial Times that Greece could get another 28 billion dollars from eurozone countries. But as Mil Arcega reports, any additional aid would require more belt-tightening by Greeks – even as anger over the government’s unpopular austerity measures is growing