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Greece passes plan for aid and layoffs

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Greece's Parliament passed a bill Sunday that plans to dismiss 15,000 civil servants by the end of the year, the New York Times reported.
A loan of 2.8 billion euros, or about $3.65 billion, is expected to be approved by Euro zone officials meeting in Brussels on Monday, the New York Times reported.
The bill was approved by parliament in a 168-123 vote, The Wall Street Journal reported.
The bill was supported by the conservative New Democracy party and its junior partners, the Socialists, or Pasok, and the Democratic Left, the Wall Street Journal reported.
"We are working so that Greece will be able to stand on its own feet again," Finance Minister Yannis Stournaras told Parliament Sunday, the Wall Street Journal reported.
Greece needs money to pay pensions and wages, and bonds held by the European Central Bank that mature on May 20, so the bill was rushed into legislature, Stournaras told Parliament on Saturday, the Wall Street Journal reported.

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This page contains a single entry by jone2278 published on April 28, 2013 10:45 PM.

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