February 29, 2012

Greece Parliament makes its homework but the bailout package is still under discussion!!

Greece Parliament was able to approve, late last night, the austerity package that includes, but is not limited to, thousands of Government jobs cut as well as cuts in minimum wages, pension funds and health care. Although that was a mandatory requirement for them to have approved prior to start receiving the more than USD 170BB rescue package loan, the Euro zone leaders are again discussing the details involving the loans amount and sustainability, which clearly does not put an end in the Greece bailout matters and show Euro countries lack of full consensus so far. Keep an eye on this discussion!!

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