Austerity Package Passes Greek Parliament
Via the BBC: Greek MPs pass austerity plan amid violent protests
Greece’s parliament has passed a controversial package of austerity measures, demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; £110bn) bailout to avoid default.
The austerity measures include:
- 15,000 public-sector job cuts
- liberalisation of labour laws
- lowering the minimum wage by 20% from 751 euros a month to 600 euros
- negotiating a debt write-off with banks.
The vote came amid some of the worst violence seen in Greece in years.
Protesters outside parliament threw stones and petrol bombs, and police fired tear gas. Several people were injured and buildings were set on fire.
Not only was their rebellion in the streets, but also inside parliament: “Coalition parties expelled over 40 deputies for failing to back the bill.”