Bloomberg News

Venizelos Says Austerity Bill Must Be Approved Before EU Summit

October 11, 2011

Oct. 11 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos said a law on new pension and wage cuts and layoffs for state workers must be approved by Parliament before a summit of European Union leaders on Oct. 23.

“Voting through this law will shield the country,” Venizelos told lawmakers at the first discussion of the law at a committee hearing in Athens today. He said a final vote on the law would be held some time next week.

To contact the reporter on this story: Marcus Bensasson in Athens at

To contact the editor responsible for this story: Maria Petrakis at

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