Greece backs down, adopts austerity steps

Ryan Singel Jun 18, 2025

Jan 12, 2018

Republish Article

You can republish articles in print or online. Simply copy the HTML below, which includes our tracking pixel, all paragraph styles and hyperlinks, the author byline, and credit to Cascade PBS. Republishing of the photos or videos embedded in an article can occur only if the photo or video is a copyright of Cascade Public Media ("CPM") and not of a third party. Photos and videos that are a copyright of CPM are not required to appear in the republished article, but if they are used, they must be embedded where they appear in the original article and must include the attribution to the CPM photographer.

You may reprint in any medium
You may edit only for tense and timeliness
If republishing in print you can edit for length if you follow our print republishing guidelines.
You may write your own headline
Include a byline and shirttail with credit and link to Cascade PBS
Include our tracking pixel
Remove if we ask

          <article>
            <header>
              <hgroup>
                <h1>Greece backs down, adopts austerity steps</h1>
                <h2><p>In the end, it seems, the nation didn’t have many options if it wanted to avoid catastrophic economic failure. A proposal to accept harsh austerity measures from its creditors passed easily in Parliament on Wednesday. The concessions come with as much as $94 billion in assistance, but also may</p></h2>
              </hgroup>
               <p>By <a href="/author/ryan/">Ryan Singel</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Jan 12, 2018</time></p>
            </header>
            <p>In the end, it seems, the nation didn’t have many options if it wanted to avoid catastrophic economic failure. A proposal to accept harsh austerity measures from its creditors passed easily in Parliament on Wednesday. The concessions come with as much as <a href="http://www.nytimes.com/2015/07/16/business/international/imf-greece-debt-relief.html?hp=&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news&_r=0&ref=cascadepbs.org">$94 billion in assistance</a>, but also may portend political trouble for Prime Minister Alexis Tsipras, reports <em>The New York Times</em>.</p>
          </article>

In the end, it seems, the nation didn’t have many options if it wanted to avoid catastrophic economic failure. A proposal to accept harsh austerity measures from its creditors passed easily in Parliament on Wednesday. The concessions come with as much as $94 billion in assistance, but also may portend political trouble for Prime Minister Alexis Tsipras, reports The New York Times.

Our members' donations make local journalism happen.

Support once for $1

Support monthly for $7

Cascade PBS Passport
Mossback members-only newsletter
Print Viewer Guide (opt-in)

Support monthly for $25

Invitation to quarterly news and original programming video conference
Annual in-person meet-up with news & programming teams
Special event perks (reduced price or free tickets, cocktails, etc.)

Continue