IMF

With Greece sinking in chaos, the country's MP's have voted in favor of the five-year austerity plans prescribed by the UE along with the IMF and other foreign banks. The vote, thought by some to be very hard to predict, turned out as a clear statement in favor of the harsh measures opposed by the population (a summary of the conditions can be found below). In the end PM Yorgos Papandreu achieved 155 votes in favor, 138 against and five abstentions, thus avoiding bankruptcy at a cost nobody seems to want to pay. The voting was made under such pressure that a member of the ruling party Panagiotis Kouroublis was expelled for voting negatively, reducing the party's majority to 154 seats.