Greek Parliament Passes Austerity Bill amid Riots
The Greek Parliament passed by a large majority in the small hours Monday a much-expected austerity package required for the second bailout for the country.
199 out of 300 MPs voted for the austerity legilsation, 74 were against, 5 abstained, and 22 did not vote.
Ahead of the vote, Greek PM Lucas Papademos said that a "wrong decision" on the bill could lead to a "catastrophe".
Two of the cabinet coalition parties, PASOK and New Democracy, voted for, but conservative third ally, the LAOS party, voted against, boding problems for the Papademos cabinet.
The debate at Parliament was accompanied by huge anti-austerity protests in Athens and Thessaloniki Sunday evening.
Violence was especially rampant in Athens, where 70 persons are reported injured overnight.
A number of building, including banks, shops, and official offices, have had their windows smashed and been set aflame.
Harsh austerity measures include a 22% reduction of the minimum wage, 7-15% reduction in retirement pensions, firing of 20% of civil servants, a liberalization of the market and cutting down of state spending.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » EC is Preparing Criminal Proceedings against Bulgaria for Accessing Data from Criminal Record Certificates
- » The European Commission Started an Evaluation of the Bulgarian Recovery Plan
- » Nearly 60% of Bulgarians are Skeptical about Adopting the Euro
- » Bulgaria Is Late to Explain Its Position on N.Macedonia Says Diplomat
- » New German Government and Old Bulgarian "bad boy" Borissov
- » EC Opens Infringement Proceedings against 19 EU Member States, Including Bulgaria