Thursday, June 30, 2011

Greece give second nod to austerity

Karen Kissane EUROPE CORRESPONDENT

THE Greek parliament has passed legislation enabling tax increases, spending cuts and privatisations to go ahead quickly, in a second show of support for savage austerity measures demanded by its neighbours.

Defying days of rioting by anti-austerity protesters in Athens, 155 deputies out of the 300-seat parliament voted early today to set up a privatisation agency and reform the tax system.

This was the same number who had voted for the original package 24 hours earlier.


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