Thursday, 8 November 2012

Greek Parliament approves austerity cuts

Athens, Greece  -- The Greek parliament early Thursday narrowly adopted a new round of austerity cuts that are required for Greece to receive the next installment of a crucial international economic bailout.
The final tally in the 300-member parliament was 153 votes in favor of the cuts and 128 opposed, with 18 abstentions.
The cuts have provoked ire among Greeks furious about the effects of multiple rounds of belt-tightening, which have resulted in cuts to pensions and pay. They have seen unemployment soar to more than 25%.
It is Greece's fifth year of recession.
Earlier, protesters in Athens threw Molotov cocktails and police fought back with tear gas outside the parliament as lawmakers prepared to vote.

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As many as 70,000 people took part in the demonstration in Athens' central Syntagma Square, outside the parliament building, according to police estimates.

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