As expected, the Greek parliament passes the latest austerity measures - including wage cuts and higher taxes - paving the way for the country to receive the next tranche of bailout money. The vote was 154 to 144. One member of the ruling PASOKs voted against, and was immediately kicked out of the party.
As a result stocks have moved higher:
Dow +59
Nas +1
S&P +8
Yesterday there were riots in the streets over passing this...I don't think this positive reaction is going to hold.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment