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 This material may not be published, broadcast, rewritten or redistributed.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
Please review Community Guidelines before posting a comment.
>> 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:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NATO to Create New Force to Respond to Crises in Eastern Europe

Monday, 01 Sep 2014 18:40 PM

NATO leaders will respond to the Ukraine crisis by agreeing this week to create a spearhead rapid reaction force, pote . . .

Cameron: We'll Seize Passports to Fight Jihadists

Monday, 01 Sep 2014 15:00 PM

British Prime Minister David Cameron said he will force airlines to share flight-lists with security services and give p . . .

Merkel Says Europe Won't Accept Russia's 'Attack' on Ukraine

Monday, 01 Sep 2014 08:17 AM

German Chancellor Angela Merkel said Europe won't "simply accept" Russia's military incursion into Ukrainian territory a . . .

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