Monday, June 27, 2011

Greek minister warns of 'catastrophe' if parliamentary revolt leads to austerity bill being blocked

 


















A Greek minister warned on Monday of "catastrophe" if parliament blocked a €28bn (£25bn) package of tax increases and spending cuts after signs of revolt by some deputies in the ruling PASOK party.

Greece's conservative opposition has rejected EU leaders' calls for national unity, forcing Prime Minister George Papandreou to rely on his slim parliamentary majority to push through the package. 






Telegraph