Wednesday, June 29, 2011

Greek Fire, Part 36

The Greek parliament has passed the five-year austerity measure, 155-138.

Greek Prime Minister George Papandreou won a parliamentary majority in favor of a five-year austerity plan on Wednesday, clearing a major hurdle in Greece's bid to win access to international funding to avoid default.

With voting still continuing, Papandreou's Socialist government had already reached the 151 votes it required in the 300-seat chamber to secure the passage of the framework law.

It must now win approval on Thursday for legislation detailing specific implementation measures for the 28 billion austerity package.


From here it seems the Greek people are now stuck with the bill.  Judging from the protests in Athens today, they're not happy about this vote either.

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