Sunday, February 19, 2012

Greek parliament to consider emergency legislation implementing reforms next week

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ATHENS, Greece — The Greek parliament is set to vote on emergency austerity measures next week necessary for a €130-billion ($170- billion) bailout deal with the EU and IMF to avoid default.
The legislation — a package of wage and pension cuts and on health sector reforms — was approved in a marathon Cabinet meeting tha
t began Saturday afternoon and dragged into early Sunday. It must still be approved by Parliament.
Prime Minister Lucas Papademos says the measures will be permanent.
He says it is necessary to introduce them on Monday to convince the Eurogroup finance ministers convening the same day that Greece is determined to move along with reforms. The measures must be implemented over the next three weeks.
A small group of union members protested outside Parliament on Sunday without incident.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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