Greece

Greece Approves 2013 Budget

Includes austerity measures required for future bailouts

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Greek lawmakers have approved the 2013 budget involving large spending cuts, despite mass public street protests.

The budget was passed by 167 votes to 128. The move was a pre-condition for Athens to be granted a 31.5bn euro (£25bn; $40bn) EU/IMF loan necessary to stave off bankruptcy.

In Athens, more than 10,000 people protested outside the parliament.

The vote comes as eurozone finance ministers are due to discuss the Greece crisis at a meeting in Brussels.

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  1. I don’t understand all those public protests. Greece in a critical position today, budget cut is a very reasonalbe step. Either public has to accept and live with it or simply move to another country. But if they go with the second option they will mot likely need to no credit check loans since they will definitely need a lot money to have a new start in some country. BUt to be honest, I don’t even know when could Greece people possibly go to have a normal debt free life. Every single country is not in a good shape right now.

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