Bloomberg News

Papandreou Has Votes to Pass Second Greek Austerity Bill

June 30, 2011

June 30 (Bloomberg) -- Greek Prime Minister George Papandreou garnered the support of at least 151 lawmakers in a second ballot to authorize the government’s 78 billion-euro package of budget cuts and state asset sales, according to a tally of votes in Parliament in Athens today.

The result, if confirmed, will win approval of a bill to implement measures required for the country to secure a fifth loan payment from last year’s 110 billion-euro rescue by the European Union and International Monetary Fund.

The vote is being televised live on state-run Vouli TV and is continuing.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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