from The Daily Sheeple:
Late last night the Greek government approved several austerity measures that include increased taxes and pension cuts. As a part of the agreement, they will receive a 900 million euro loan to temporarily shore up their economy, while they discuss the possibility of accepting a three-year, 85 billion euro loan. Contrary to previous claims that their banks may be closed for another month, the emergency loan will have banks opened by next week (or so they say anyway).
However, the agreement hasn’t gone over well with left leaning citizens in Greece. While Prime Minister Tsipras claims that this was the only way to prevent a financial collapse, he and his Syriza party were elected on the promise that there would be no more draconian austerity measures. Instead, Tsipras has essentially sold his country out to receive more debt and more austerity, rather than defaulting and starting over.
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