Posted on 12/06/2015 7:56:45 PM PST by SunkenCiv
..includes more spending cuts and tax rises... required to unlock further funds from a third bailout deal worth 86bn...
The budget was approved by 153 to 145 votes following a heated debate, with the opposition contesting that it was "socially unfair". The centre-right New Democracy party's interim leader Yiannis Plakiotakis described the budget as "anti-growth". "They are getting ready to turn the pensions into tips," he was quoted as saying by German broadcaster DW.
Prime Minister Alexis Tsipras, whose coalition majority shrank last month after two lawmakers rebelled against austerity, described the budget's passage as a "difficult exercise". "Behind the numbers anybody can see the agonising effort to support the working classes," he said, pointing out that spending on hospitals, social welfare and job creation was being modestly increased for the first time in five years...
The 2016 budget sets out 5.7bn in public spending cuts, with 1.8bn of that amount coming from pensions, and brings in some 2bn through tax hikes. It foresees Greece's economy shrinking 0.7% in 2016. Public debt is expected to hit 188% of gross domestic product from 180% this year, while the unemployment rate is expected to remain steady at 25%.
Last month, Greek workers staged their first general strike since Tsipras's far-left Syriza party came to power on an anti-austerity platform at the start of the year.
The prime minister called for snap elections in August after he faced down a revolt from his own party members, who saw the terms of the latest bailout deal as a betrayal of Syriza's anti-austerity roots. He went on to win September's general election, securing 35% of the vote.
(Excerpt) Read more at ibtimes.co.uk ...
formerly posted as http://www.freerepublic.com/focus/f-news/3369183/posts but deleted.
He’s a professed socialist, but he’s twice the leader Zero could ever be.
Greek Parliament Approves 2016 Budget, Expects More Austerity Moves
Nektaria Stamouli
The Wall Street Journal
Dec. 5, 2015
http://www.wsj.com/articles/greek-parliament-approves-2016-budget-expects-more-austerity-moves-1449361117
One day they will vote for:
Arrest the bankers
Default on the loans
Leave the EU
Issue the drachma
Kick out the illegal invaders
And get back to living as citizens...
Like Iceland.
Like Mexico.
A narcissit has a hard time leading anyone other than groupies.
Give up living in the USA to live in Iceland?
Nah, I'd miss BLUE BLOODS.
baseball games to attend
BLUE BLOODS
daily Mass attendance
BLUE BLOODS
playing squash
BLUE BLOODS
movies and movie popcorn. I want to see .007 SPECTRE again!
and, oh yeah, BLUE BLOODS.
Yep.
:’)
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