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Greek parliament approves fresh austerity measures

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by Kay Mitchell
”Greek

Greece’s parliament has today approved the fresh round of austerity measures – designed to save the country from defaulting on its debts.

The measures were one of the conditions of the next instalment of its bailout loan.

MPs passed the measures by 155 votes to 138.

The latest austerity measures will according to Prime Minister George Papandreou, get Greece “back on its feet”.

He said: “We must avoid the country’s collapse at all costs. Now is not the time to step back.”

However, the tough measures, which include spending cuts and tax hikes, have caused uproar with the Greek public and a general strike is currently underway, which has brought the country to a standstill and have led to violent protests with several injuries.

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News posted: June 29, 2011

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