"Greek parliament approves tough 2014 budget plan"
Author: Bonnie Malkin
Date Published: December 8th, 2013
Date Accessed: December 10th, 2013
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Summary of the Article
Greece's parliament approved a budget plan on Saturday filled with over 3 billion euros of austerity cuts that sees the debt-laden country emerging from a six-year recession next year.After nearly going bankrupt and almost crashing out of the euro zone last year, Greece expects growth of 0.6 percent in 2014 and hopes to secure more leeway on its debts to the European Union and the International Monetary Fund.
Thoughts, Emotions, and Observations about Political Activity in the Article
I observed that money and economics is clearly a big struggle for Greeks and by approving this budget plan, deadlines can be met. Although I have observed that international lenders have not given thier full approval of the budget plan, Athens is giving every reason to make it a go so they are not missing financial debts and pass the plan.
How This Relates to or Affects Political Life in the Country
This relates to politics because in some and many political events there are many economics involved. This goes for basically tons of states in this sense. If the plan is finally 100% approved by international lenders, it will be a more economically sufficient assistant for the plan and will help Greece with its several economical instability.
Date Published: December 8th, 2013
Date Accessed: December 10th, 2013
Click here to read this article
Summary of the Article
Greece's parliament approved a budget plan on Saturday filled with over 3 billion euros of austerity cuts that sees the debt-laden country emerging from a six-year recession next year.After nearly going bankrupt and almost crashing out of the euro zone last year, Greece expects growth of 0.6 percent in 2014 and hopes to secure more leeway on its debts to the European Union and the International Monetary Fund.
Thoughts, Emotions, and Observations about Political Activity in the Article
I observed that money and economics is clearly a big struggle for Greeks and by approving this budget plan, deadlines can be met. Although I have observed that international lenders have not given thier full approval of the budget plan, Athens is giving every reason to make it a go so they are not missing financial debts and pass the plan.
How This Relates to or Affects Political Life in the Country
This relates to politics because in some and many political events there are many economics involved. This goes for basically tons of states in this sense. If the plan is finally 100% approved by international lenders, it will be a more economically sufficient assistant for the plan and will help Greece with its several economical instability.