Thursday, June 30, 2011

Greece give second nod to austerity


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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