Prime minister Antonis Samaras helped the Greek parliament to approve a bailout method that was approved by 153 votes (out of 300). This inhaled fifty thousand protesters that basically acknowledged their dramatic deficit. "A lot of what we're voting on today are measures we should have taken a long time ago", but during the coalition, the deceivers were revealed by not obliging to legislative regulations. This deemed seven prime ministers out of office, but only for the good.
The approval was named the austerity bill which implemented an age limit increase in order to retire which would help diminish the deficit in the long-run. This effect will require more hours for them which in turn would generate more revenue considering their 25% unemployment. The statistic doesn't show everyone out of the workforce, but just the people who are looking for work.
The procedure could also encourage the unemployment because of the fertility rate diminishing at a current rate of around 2.1% with a total population of almost 800 million people. Samaras then promised that this cut expenditure will be the last for a while since they caused an economic shrink of 25% in the last couple of years. It might be the last, ut domestic income will plunge and depreciate the number of educational civilians as well as the rest of future generations.
http://www.nytimes.com/2012/11/09/world/europe/defections-shake-greek-coalition.html?src=twr&_r=0
http://www.bloomberg.com/news/2012-11-07/samaras-wins-approval-of-greek-austerity-in-race-to-secure-aid.html
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