Violent protests in Greece yesterday between civilians and the police occurred just as the Greek parliament voted in favor of fresh austerity measures. The Eurozone approved a bailout package for Greece yesterday to the tune of $96 billion.
The Eurogroup however insisted on strict austerity measures for the cash strapped country. Prime Minister Alexis Tsipras came to power on the back on promises to end austerity measures.
Tsipras has openly accepted that the conditions the Eurozone have imposed are damaging and will not in any way help the Greek economy, he also admitted that the deal was accepted because there was no other choice. A Eurogroup meeting today will determine when Greece will get the bailout money that’s needed to save their banks as well as pay creditors.
