Posted on 05/06/2010 10:17:42 AM PDT by Ernest_at_the_Beach
With 172 of 300 votes in favour, one report said a second vote would have to be passed for the bill to become law.
The vote comes a day after three bank workers died in a petrol bomb attack as demonstrations over the planned austerity measures turned violent.
The finance minister said the measures were the only way to avoid bankruptcy.
But as the vote was held demonstrators gathered outside parliament to protest against the measures.
Wednesday's deaths have shocked many in Greece. Bank workers have gone on strike in anger at the loss of their colleagues.
Mourners paid their tributes outside the bank where the three workers were killed
Speaking in parliament ahead of the vote, Prime Minister George Papandreou said violence was "not a solution".
"The future of Greece is at stake," he said. "The economy, democracy and social cohesion are being put to the test."
He expelled three Socialist deputies from his parliamentary team for abstaining in the vote.
(Excerpt) Read more at news.bbc.co.uk ...
Isn’t Socialism grand?!?!
*******************************EXCERPT***************************************
The euro and world stocks fell for a third day Thursday as investors fled risk amid signs that Athens' woes are spreading to other weak euro economies, testing whether European governments are willing to extend a bailout devised for Greece alone.
Policymakers' attempts to talk down the risk of contagion and scare off "speculators" had little impact on traders unimpressed by the slow EU response to the crisis.
"There's no let-up in concerns that the euro zone debt crisis could continue to worsen and as a result equity markets across the globe remain under pressure," said Ben Potter, analyst at IG Markets.
After ECB President Jean-Claude Trichet said a meeting of the bank's governing council had not discussed buying bonds to combat the crisis, yield spreads widened for weaker eurozone countries at risk of being sucked in to the debt crisis.
The remark was taken as "massively negative for the periphery" of highly indebted European states, one trader said.
Many in this country seem to think so...
I guess that means Athens burns tomorrow?
But this time you can’t blame the Persians, hee hee.
Michigan has the same population as Greece, about 10 million.
So, on top of everything else, Greece is getting 50 billion dollars from the EU/IMF each year, for three years. And this is just to buy them three years to get to the place to begin to handle their debts?
Greece, the most elderly of European countries, on the verge of a population collapse, is going to saddle it’s young people with ten years of no jobs, high taxes and debts? Meanwhile Greek capital is fleeing Greece.
So these kids are suppose to work, be taxed for them, their elders, the co-conspirators in the Government/Socialist/Bond racket?
Does anyone see the under the radar strike that is going on? That young people are atlas shrugging by not having kids, that another party the average Greek is not now, and is not in the future going to pay taxes, let alone more taxes in a worse environment, and that yet another class is getting money out of Greece altogether?
Hey, it will all work out. It’ easy.
The Germans and Dutch citizens will cheerfully pay.
+
The IMF will expertly manage the Greeks.
+
The Greeks will flood the Treasury with oodles of patriotic taxes.
+
The Greek pensioners, hacks, government ‘employee’s, unions will take cuts, work longer, be more feasible and more productive.
+
Plus an entire generation of Greek young will stay in the poor job prospect, high tax, high debt nation and have many many kids and pay off their elders debts.
See?
live link to the mass protest in Greece. Wait for the commercial to finish.
http://www.aftonbladet.se/webbtv/nyheter/utrikes/article7086788.ab
“Isn’t Socialism grand?!?!”
Yep, until you inevitably run out of other people’s money, as Margaret Thatcher so correctly observed.
The cradle’s of civilization have become quite uncivilized.
‘Austerity’ means that after 4 years they will only spend 3% more than they make, if everything goes perfectly.
Look what happened with 4% cuts in the budget, imagine what will happen next year and the year after...
short on Euro, short on socialism
Some moron just completed another bit of Obama idolatry entitled The Bridge. If Obama’s a bridge then he’s a bridge that connects California and the United States to Greece. When will these liberal sycophants stop kissing Obama’s ass?
>> Hey, it will all work out. It’ easy.
I’d like a hit of whatever you’re smoking, please? :-)
Vote in the affirmative, then ignore it. It’s the European Way...
looks like the site has crashed...nothing after the ad for that horrible looking sandwich Mickey D’s is selling in that country
CNBC might be running a loop of it ,...they were yesterday.
They have something live from Athens.,...and Euro is going down a bit.
Damn,...Dow here is down 900 points,...so much for us not being connected...
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