Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Saturday, July 9, 2011

IMF agrees to give Greece $4.2 billion


The European Union and the IMF Fund had said they would refuse to pay out the next installment unless Greek lawmakers approved a new five-year package of $40 billion worth of spending cuts and tax increases and a $72 billion privatization plan before the end of June. Greek lawmakers delivered what was asked of them, cheering up global financial markets but provoking violent demonstrations in the streets of Athens.
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