May 3 – Greeks express concern and anger about their government’s financial plans and European markets dip after the announcement of a record 110-billion-euro bailout for Greece
Greeks, markets worry about bailout
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Public officials are seen here protesting after the announcement of a bail-out.
The bail-out of 10 billion Euros is the biggest ever.
Greeks are worried about the size of the aid package.
The Greek Prime Minister must persuade the Greek people that the plan is workable and necessary.
Both the Euro and the European stock prices rose after the bail-out decision was reached.
Only the German banks will contribute to the bail-out.
The Greek situation will show whether this solution could work for the other struggling nations.
These other nations, Portugal and Spain, are likely to follow in the footsteps of Greece.
The stability measures will not fail.
The bail-out decision should take pressure off the financial markets.
