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WORLD NEWS - 00:30 UTC, May 7th, 2010

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It is 00:30 universal time, and here is the news in Special English.

The parliament in Greece has approved a forty billion dollar cost cutting bill mend to save the country from bankruptcy. Tens of thousands of people opposed to budget cuts demonstrated in Athens. Greek lawmakers approved measures demanded by European countries and International Monetary Fund. The measures include wage freezes, cuts in civil service percents, and rising retirement age for women to sixty five. In return, Greece will receive about 145 billion dollars in emergency loans from the two groups. American stock prices fell sharply Thursday on concerns over the debt crisis in Greece. But it is also possible trading mistakes helped the cause the decrease. American media are reporting that trading mistakes may have helped cause the Dow-Junes Industrial Average to drop nearly 1000 points. That was the stock indexes largest loss was in the trading day since 1987. By the close of trading, the Dow has recovered for a loss of about three percent.

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