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%.
- » Syrian Government to Attend U.N. Talks in Vienna: U.N. Deputy Envoy
- » Romania Does Not Really Follow Recommendations on Fighting Corruption: Council of Europe
- » The EU and Turkey are Preparing a Summit in Late March
- » Private Armies will be Legalized in Russia
- » UK Pledges Extra £44m for Channel Border Security
- » Trump Denies U.S. Embassy to be Moved to Jerusalem Within a Year