Following the Greek Parliament’s emergency decision to approve a second round of austerity measures in the country, gold prices, the Australian dollar, Asian shares, the value of the euro, and instances of rioting and violent crimes have increased dramatically.
The Parliament’s move was made in response to European Union and International Monetary Fund (IMF) demands that the Greek government display a “clear commitment” to enforcing the repayment of its debts. Should any doubts of such motivations linger in the minds of these international lenders, they have threatened to withhold the bailout money from Greece altogether. Without receiving the massive loans being proposed, which amount to a grand total of roughly $170 billion, Greece will inevitably cross the threshold of debt into default status and be rendered unable to make good on repayments of the money it has borrowed.