Greek parliament to vote on new austerity bill

The Greek parliament has a historic responsibility ahead of the vote on the latest austerity bill, Greek Prime Minister Lucas Papademos has warned.

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Sunday, 12.02.2012.

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The Greek parliament has a historic responsibility ahead of the vote on the latest austerity bill, Greek Prime Minister Lucas Papademos has warned. The measures include a 22 percent cut in the minimum wage, lower pensions and 15,000 public sector layoffs. Greek parliament to vote on new austerity bill Papademos said Greece would be “drawn into a vortex of recession” and would eventually exit the euro without a new economic program. The adoption of the austerity bill is also required to secure a EUR 130bn bailout from the European Union and the International Monetary Fund (IMF), which should prevent the country’s default. Lucas Papademos B92

Greek parliament to vote on new austerity bill

Papademos said Greece would be “drawn into a vortex of recession” and would eventually exit the euro without a new economic program.

The adoption of the austerity bill is also required to secure a EUR 130bn bailout from the European Union and the International Monetary Fund (IMF), which should prevent the country’s default.

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