October 19, 2011 / 6:39 PM / 6 years ago

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. REUTERS/John Kolesidis/Files

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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