×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: greece | financial | crisis | austerity

Greece Presents Last Tweaks to Austerity Program

Monday, 19 November 2012 10:04 AM EST

ATHENS, Greece — A day before it hopes to secure release of a vital rescue loan payment, the Greek government has presented emergency legislation to tidy up the last loose ends in its austerity commitments to bailout creditors.

The two legislative acts published Monday must be approved by parliament within 40 days.

They cover spending cuts and reforms, from increasing state spending accountability to reducing the pensions of parliament employees — a pampered group of state employees that includes politicians' relatives.

On Tuesday, finance ministers from Greece's euro partners are expected to decide whether to release a €31.5 billion ($40.2 billion) loan installment.

Earlier this month, the government passed a new massive austerity program demanded to qualify for the loan.

Finance Minister Yannis Stournaras says Athens has now met all necessary requirements.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
A day before it hopes to secure release of a vital rescue loan payment, the Greek government has presented emergency legislation to tidy up the last loose ends in its austerity commitments to bailout creditors.
greece,financial,crisis,austerity
130
2012-04-19
Monday, 19 November 2012 10:04 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved