Tuesday, June 21, 2011

Greece: key austerity measures to pass in June












Greece's new finance minister is promising that parliament will pass a key austerity package by the end of June in order to receive the next payment in its bailout loan.

Evangelos Venizelos said Tuesday that parliament was set to vote on euro28 billion ($40.2 billion) worth of budget cuts and other savings next week.


ASSOCIATED PRESS