'Greece Doomed, Economy
Total Farce & Fiction!'
Video By RT
The Greek parliament has approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF in efforts to avoid devastating default. This comes amid violent riots against the vote in Athens. The lawmakers voted early Monday in favor of the bill that will cut 15,000 public-sector jobs and lower the minimum wage by 20 per cent. Patrick Young, from investment consultants, DV Advisors, says whatever happens in Greece, there's no saving it from a collapse that will be felt across Europe.
February 13, 2012
Burning Banks: More footage of Greek chaos and riots
Athens Burning:
Austerity Vote Ignites Greece
Edited by Adel Alsalman
The Greek parliament, early Monday, approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF. 199 MP voted in favor of the bill that will cut thousands of public-sector jobs and decrease the minimum wage by 20%.
The vote was met by public refusal, as hundreds of thousands marched to Syntagma Square to protest against the passing of the law. Demonstrations turned violent as protesters clashed with riot police leaving hundreds injured and tens of buildings in flames.
(AP, RT)
