'World economy at stake' in Greek austerity vote

[WestVirginiaRebel]

Breitbart:

Europe ramped up pressure on the Greek parliament Tuesday to approve drastic austerity measures, warning that it would otherwise face a swift debt default that would rock the world economy.

As Greek police clashed with protesters ahead of this week's vote, Brussels told Greece that no "Plan B" would be waiting if it failed to pass the measures demanded by creditors in return for loans needed to keep Athens afloat.

"There are decisive moments and the coming hours will be decisive, crucial for the Greek people, but also for the eurozone and the stability of the world economy," EU president Herman Van Rompuy told the European parliament.

Prodding Greek politicians to "take their responsibilities," Van Rompuy said "the more unanimity there is, the more unity there is, the better for the people of Greece and our future."

European Union economic affairs commissioner Olli Rehn said Greece was facing a "critical juncture," and that "both the future of the country and financial stability in Europe are at stake.

"I trust that the Greek political leaders are fully aware of the responsibility that lies on their shoulders to avoid default," he said.

"The only way to avoid immediate default is for Parliament to endorse the revised economic programme."
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Greece, the California of Europe...