Fri Nov 9, 2012, 08:36 AM
midnight (26,624 posts)
“Every austerity package in the last two and a half years was supposed to be the last one.
So it won’t be the last one this time. We are going to see more of this,” Sotiris told RT. “In just two days of discussion, the Parliament is going to pass a huge law. We are very far from democratic procedure. This is a set of measures, which are actually dictated by the Troika.”
"Brussels demands a new draft of budget cuts in order for Greece to qualify for another loan – totaling more than €31 billion ($39.63 billion) – from the ‘Troika,' which consists of the European Commission, the European Central Bank and the International Monetary Fund.
The new bailout was put on hold after Greece failed to reach earlier fiscal commitments. The Greek Parliament remains divided over the issue, with the Democratic Left Party, which comprises one third of the governing coalition refusing to back the measures, pledging to vote ‘present’ instead of ‘no.’
The measures stipulate a two-year increase in the Greek retirement age to 67, and several tax hikes. The new package also includes provisions making it easier to fire civil servants, which has provoked the ire of public workers amid a current unemployment rate of over 25 per cent."
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“Every austerity package in the last two and a half years was supposed to be the last one. (Original post)