Wednesday, June 22, 2011

Greek cabinet approves austerity budget plan

The Greek cabinet approved on Wednesday a 2012-2015 austerity budget plan as well as laws for its implementation, a key condition for further EU-IMF help to tame a massive public debt, government sources said.

The government had committed to another round of stiff budget cuts and tax hikes in return for fresh EU-IMF cash and a new debt rescue deal.







AFP