Greek economy receives 8.8 billion euro bailout

http://www.cnn.com/2013/04/28/world/europe/greece-bailout-layoffs/?hpt=hp_t3

This article discusses the most recent bailout for Greece in their economic crisis.  In order to secure 8.8 billion euro bailout they were forced to agree to reduce the number of government workers by 15,000.  The reduction of Government spending may have been a stipulation of the bailout because government spending could be crowding out private investment.  The article also discusses how the reduction in the government workforce will contribute to the 27% unemployment rate and likely lead to more violence in the country.  Radical political factions are seeing a rise in Greece, both from the left and the right, as the economy has failed to recover thus far in the crisis.