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Thank goodness, Greek politicians passed the austerity bill!

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发表于 2012-11-7 07:02 PM | 显示全部楼层 |阅读模式


Samaras Wins Greek Austerity Bill in Race to Secure Aid

By Maria Petrakis, Natalie Weeks and Marcus Bensasson - Nov 7, 2012 3:35 PM PT

Greek Prime Minister Antonis Samaras mustered the support of enough lawmakers to secure approval of austerity measures needed to unlock bailout funds, after more than 50,000 protesters ringed Parliament.

The bill on pension, wage and benefit cuts was approved with 153 votes in favor in the 300-seat Parliament early today, according to acting Parliament speaker Athanasios Nakos. A total of 128 voted against the bill, with 18 voting “present.” One lawmaker was absent. The voting was televised on state-run Vouli TV.
The vote took its toll on Samaras’s government, with Samaras expelling one lawmaker from his New Democracy party for failing to support the bill. Samaras’s main coalition partner, Pasok, which provides Samaras with the majority he needs to rule, expelled six lawmakers after the vote for their failure to support the legislation.

“Greece today took a great, decisive and positive step,” Samaras said in a statement after the tally. “This vote was a condition that will create jobs for our children, for all of Greece to see better days. The next step is the budget, which will also go well.”

Fighting Defections

Samaras fought to stem defections from his three-party coalition as European leaders including German Chancellor Angela Merkel look for signs that Greece is justifying their efforts to keep the country in the euro. With backing from his New Democracy party, the socialist Pasok party and Democratic Left, Samaras had the support of 175 lawmakers before the vote; after the vote and the expulsions, he can count on 169.

Democratic Left, a coalition partner with 16 seats, had said it won’t vote for changes to labor laws it says have no fiscal benefit. The party’s leader, Fotis Kouvelis, has pledged to support the government in a vote on Nov. 11 on the budget.

The vote occurred on the second day of a 48-hour general strike which shut down hospitals, schools and government services and brought public transport to a standstill. Police estimated there were at least 50,000 people at a rally called against the measures, making it one of the biggest anti- austerity protests in the country since Greece sparked the European debt crisis in 2009.

Police clashed with protesters during the debate, using water cannons and tear gas to combat protesters with firebombs. They detained 103 people and arrested five in the violence and said seven officers were injured.

Approval of austerity bill, which raises the retirement age by two years to 67 and cuts wages and pensions a second time this year, is the first of the votes required by Nov. 12 to get a 31 billion-euro ($40 billion) aid tranche and avert a financial collapse that may drive the country from the euro. Parliament will convene again on Nov. 11 to vote on the 2013 budget, a day before euro-area finance ministers meet to discuss whether to unlock the funds.

To contact the reporters on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net; Maria Petrakis in Athens at mpetrakis@bloomberg.net
To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net
发表于 2012-11-7 07:39 PM | 显示全部楼层
期指没反应 ?
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 楼主| 发表于 2012-11-7 08:13 PM | 显示全部楼层
bucks 发表于 2012-11-7 08:39 PM
期指没反应 ?

Small move only ... since everyone talking about fiscal cliff is next ...
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发表于 2012-11-7 09:47 PM | 显示全部楼层
Thanks
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发表于 2012-11-7 10:20 PM | 显示全部楼层
greenback 发表于 2012-11-7 08:13 PM
Small move only ... since everyone talking about fiscal cliff is next ...

MMs always have something to talk about. They never lack a topic to manipulate the market and tease us.

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发表于 2012-11-8 12:02 AM | 显示全部楼层
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