Greek parliament gives initial approval to austerity law

ATHENS Wed Oct 19, 2011 11:47pm IST

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. REUTERS/John Kolesidis/Files

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

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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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