Festemper

There was an anti austerity protests in Greece which resulted to violence in Athens on Tuesday as European Union warned. The European Union warned the lawmakers of Greece as the whole Greece is facing immediate default if they undertake a plan. On the streets of Athens one could see the young men throwing stones and wielding sticks setting fire to many garbage bins. To spoil the violence the police had taken many actions which included the firing of the tear gas so as to disperse them.

The violence started when the trade unions started a 48 hour strike against the institutions like the European Union and IMF. Meanwhile the progress was noted when the talks started and European Banks and the insurer roll over and took up the matters of Greek debt. The main aim was for a second rescue package and help the euro zone take up free time and rescue the whole Greek from debt. The debt crippled nation is now taken up raft for spending cuts followed by tax rises and privatization on the votes.

The main aim is to avoid the default for the parliament of Greek and then bring in the policy of the economic programme. Many options for improving the nations is going on and speculation continues there is no Plan B to avoid the Default Olli Rehn told. The crude alternate is taken up to keep the Greece afloat and is underscored by the Bank of England Governor whose name is Mervyn King. Sufficient concerns can be witnessed in the present market and the possibility of the default can be seen through the present event.

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