Greece - Austerity bill passed
November 11, 2012, Sunday
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GREECE'S Parliament passed a crucial austerity bill early Thursday, in vote so close that it left the coalition government reeling from dissent.
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 鈧13.5 billion (US$17b) over two years was a big step for Greek efforts to secure the next installment of its international rescue loans.
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 鈧13.5 billion (US$17b) over two years was a big step for Greek efforts to secure the next installment of its international rescue loans.
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