Papademos gets approval for Greek austerity budget

Greek Prime Minister Lucas Papademos received parliamentary approval for the 2012 budget, a financial plan that aims to nearly halve the deficit shortfall from a debt writedown.

7th December, 2011
Papademos gets approval for Greek austerity budget
Greek Prime Minister Lucas Papademos

Greek Prime Minister Lucas Papademos received parliamentary approval for the 2012 budget, a financial plan that aims to nearly halve the deficit shortfall from a debt writedown and ensure Greece remains a member of the eurozone.

A total of 258 lawmakers in the 300-strong chamber backed the confidence motion with 41 against, Parliament Speaker Filippos Petsalnikos said in remarks carried live on state-run Vouli TV. A total of 299 deputies voted in the poll.

“The economic crisis in our...

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