Greece Approves 2013 Austerity State Budget
The Greek Parliament has approved the 2013 austerity State budget.
This move is seen as an important step in the country's effort to convince international creditors (EU/IMF) to grant the crucial bailout of EUR 31.5 B to prevent Greece's bankruptcy.
In Athens, more than 10 000 people protested outside the Parliament.
The vote comes as Eurozone finance ministers are due to discuss the Greek crisis at a meeting in Brussels.
Greek Prime Minister Antonis Samaras, who is due to attend the summit, earlier warned that without the new loan, Athens would start running out of money within days.
Samaras pledged before the Greek people that this would be the last sacrifice they will have to endure.
The new budget foresees a deepening of the worst recession of any country in modern history, the BBC correspondent in Athens reports.
The national economy is expected to shrink next year by 4.5% and public debt is likely to rise to 189% of GDP, almost double Greece's national output. This year, public debt stood at 175%.
- » Turkey's State of Emergency Should Be Extended - Security Body
- » Vice President Georgieva To Leave EC for 1 Month
- » 5.4-Magnitude Earthquake Hits Rhodes Island
- » Turkey Fires 87 Secret Service Employees
- » Slovakian PM Fico: Asylum Seekers Quotas Are Politically Exhausted
- » Merkel Calls For Agreements on Migrants With Tunisia, Egypt