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Greek parliament gives initial approval to austerity law
Protesters stand in front of the parliament during a rally against the austerity economic measures and corruption at Syntagma (Constitution) square in Athens June 26, 2011.
Credit: Reuters/John Kolesidis/Files
ATHENS |
ATHENS (Reuters) - Greek lawmakers gave on Wednesday initial approval for an austerity law cutting wages and hiking taxes, crucial for the country to receive a next batch of bailout funds and avoid bankruptcy.
All 154 of the ruling Socialist PASOK party's deputies voted in favour of the law, despite violent anti-austerity protests outside parliament earlier in the day. The bill must be approved by article on Thursday to become law.
(Reporting by Harry Papachristou)
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