2013 austerity budget approved by Greece

The Associated Press

November 12, 2012

ATHENS, Greece — Greek lawmakers approved the country’s 2013 austerity budget early Monday, an essential step in Greece’s efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt.

The budget passed by a 167-128 vote in the 300-member Parliament. It came days after a separate bill of deep spending cuts and tax hikes for the next two years squeaked through with a narrow majority following severe disagreements among the three parties in the governing coalition.

Prime Minister Antonis Samaras pledged that the spending cuts will be the last Greeks have to endure.

The Daily Texan

The Daily Texan

The Daily Texan

2013 austerity budget approved by Greece

The Daily Texan