Bloomberg News

Greek Parliament Begins Voting on Medium-Term Austerity Plan

June 29, 2011

June 29 (Bloomberg) -- Greek lawmakers began casting their ballots in a vote on the government’s 78 billion-euro ($112 billion) package of budget cuts and state asset sales.

Approval of the bill is needed before the cash-strapped nation can tap a fifth loan payment from last year’s 110 billion-euro rescue by the European Union and International Monetary Fund.

The roll-call vote in Parliament in Athens is being televised live on state-run Vouli TV and follows a three-day debate.

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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