The Greek parliament has given the green light to the five-year maneuver of spending cuts and privatisations, as per agreements with the EU and the IMF. The release of the 12 billion euro loan by the international partners was conditional on the containment of Athens' public deficit with new fiscal measures. The Economy Minister, Venizelos, welcomed the outcome of the vote with optimism, noting that "a new phase of hope is opening up for Greece".
Greece, Parliament approves the implementation law for austerity and privatizations
With 155 votes in favor and 138 against, the Athens parliament gives the definitive ok to the austerity and privatization plan requested by the EU and the IMF
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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