Greek Parliament Passes Austerity Bill

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Alphanumeric
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Greek Parliament Passes Austerity Bill

Post by Alphanumeric »

Greece's parliament narrowly passes austerity bill further cutting pensions and wages amid riots in Athens

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The bill, which will further slash pensions and salaries, passed 153-128 in the 300-member Parliament.

It came hours after rioters rampaged outside Parliament during an 80,000-strong anti-austerity demonstration, clashing with police who responded with tear gas, stun grenades and water cannons.

Approval of the cuts and tax increases worth (euro) 13.5 billion ($17 billion) over two years was a big step for Greek efforts to secure the next installment of its international rescue loans and stave off imminent bankruptcy.


These folks don't screw around.
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Lillaahiya
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Re: Greek Parliament Passes Austerity Bill

Post by Lillaahiya »

The reforms aim to lower public debts but will in the process also hurt the economy, which is set to enter a sixth year of recession with unemployment at a record 25 percent
:holdup:
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