Bloomberg News

Papandreou Has Votes to Win Second Ballot on Austerity Bill

October 20, 2011

Oct. 20 (Bloomberg) -- Greek Prime Minister George Papandreou won the backing of a majority of lawmakers in a second test of support for a new austerity package.

Papandreou secured the support of at least 151 lawmakers in the 300-seat chamber, an initial tally of votes in parliament in Athens today showed. The result, if confirmed, would be enough for him to pass the bill. The roll-call vote on each article of the bill is ongoing.

The ballot sets the stage for additional pension and wage cuts that would bolster the government’s chances of meeting 2011 and 2012 budget targets and securing further international financial aid for Greece.

It is being televised live on state-run Vouli TV.

To contact the reporter on this story: Maria Petrakis in Athens at mpetrakis@bloomberg.net

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net


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