This weekend, the Eurozone members and the International Monetary Fund (IMF) proposed a €110 billion ($140 billion) rescue package for the struggling Greek economy. In exchange for imposing tough austerity measures—including a three-year public sector pay freeze, an increase in taxes, and a liberalization of labor laws—Eurozone countries will provide €80 billion in emergency loans over the next three years for Greece, and the IMF will provide the rest.
Five Reasons Not to Support a Bailout of Greece | The Heritage Foundation
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