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Wednesday, June 29, 2011

Greece parliament prepares for austerity vote--June-29-2011-

Tale of Two Visions for Euro Boils Beneath Greek Crisis Fight

June-29-2011--The longer Greece avoids default, the closer European leaders come to breaking one of their oldest taboos by taking responsibility for the finances of a neighbor. Even as they resist European Central Bank President Jean- Claude Trichet’s call for a “major strengthening” of fiscal ties, European authorities are becoming the biggest holders of Greek debt. That would leave the country a virtual ward of the state, the objection of the bloc’s politicians to sharing sovereignty undercut by their own efforts to save the euro.

Video: Greek parliament passes austerity bill

WORLD : Euro Gains After Greece Says 'Yes' To Austerity

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