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Greek citizens protest austerity package 2011

Time period
May, 2011 to September, 2011
Economic Justice
Total points
3.5 out of 10 points
Name of researcher, and date dd/mm/yyyy
Rachel Vogel, 13/10/2013

In early 2011, the Greek state developed a plan of austerity measures to meet its debt repayments. Due to major financial problems, it had just failed to meet the budget targets established in 2010 when it received a loan from the International Monetary Fund (IMF) and the Eurozone. The new proposal to be voted on in June 2011, called “The Medium Term Economic Program,” included the privatization of a number of industries and utilities including but not limited to power and water companies, ports, banks, and the train operator.