Greece MPs approve new austerity budget amid protests

Greek officials have finally agreed to major spending cuts and are going to be using the 32.5 bn Euro package that Athens got in order to try to reestablish the financial crisis.  However, the Greek population is highly against these spending cuts.  As parliament was voting and signing this financial statement there were 10,000 people protesting right outside and hundreds of thousands of more people that disapprove but stayed home.  It is suspected that Greece's national debt will rise to 189% from 175% of national GDP and the economy is supposed to "shrink" 4.5% as well.  Germany is beginning to get frustrated (as the largest loaner to the Greek bailout) because Greece is not coming up with money by deadlines that they have agreed to, regardless of urgency.

Matt Stochelski