Greece Presents Last Tweaks to Austerity Program

Monday, 19 Nov 2012 10:04 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

ATHENS, Greece — A day before it hopes to secure release of a vital rescue loan payment, the Greek government has presented emergency legislation to tidy up the last loose ends in its austerity commitments to bailout creditors.

The two legislative acts published Monday must be approved by parliament within 40 days.

They cover spending cuts and reforms, from increasing state spending accountability to reducing the pensions of parliament employees — a pampered group of state employees that includes politicians' relatives.

On Tuesday, finance ministers from Greece's euro partners are expected to decide whether to release a €31.5 billion ($40.2 billion) loan installment.

Earlier this month, the government passed a new massive austerity program demanded to qualify for the loan.

Finance Minister Yannis Stournaras says Athens has now met all necessary requirements.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Make No Mistake: Russia Is Invading Ukraine

Tuesday, 22 Apr 2014 15:24 PM

Ukraine is under invasion. The fact that it is an invasion being conducted by stealth, with no declaration of war, makes . . .

'Russian Facebook' Founder Flees Country after Being Pushed out

Tuesday, 22 Apr 2014 13:05 PM

The maverick founder of Russia's top social network, Pavel Durov, said Tuesday he had fled the country after selling his . . .

Polish PM Eyes Energy Union to End Dependence on Russian Gas

Tuesday, 22 Apr 2014 10:55 AM

The European Union must create an energy union to secure its gas supply because the current dependence on Russian energy . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved