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Greek parliament approves new austerity bill
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Greek Prime Minister Lucas Papademos addresses lawmakers during a parliament session prior to a vote for a new austerity deal in Athens, February 12, 2012.
Credit: Reuters/John Kolesidis
ATHENS |
ATHENS (Reuters) - The Greek parliament approved on Monday a deeply unpopular austerity bill to secure a second bailout from the European Union and International Monetary Fund and avoid a messy default.
Before the parliamentary vote, serious violence broke out on the streets Athens and spread to other Greek towns and cities, including on the holiday islands of Corfu and Crete.
The bill sets out 3.3 billion euros ($4.35 billion) in wage, pension and job cuts for this year alone.
(Reporting by Harry Papachristou; Writing by Ingrid Melander)
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WHOO HOO. First we dump a PM for saying the people should be allowed to vote on these measures (what the press described as a “LURCH to democracy”), then we APPOINT a former BANKER PM-then we force austerity in order to make INTEREST payments to banks. Yippee-let’s all CHEER the BANKS’ successes.
One more piece of proof-we’ve moved right back to plutocracy…YEY Greece-welcome to the club-you can now be owned and ruled by Bankers. How WONDERFUL.
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