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Revision history for this page on the wikienMediaWiki 1.13.3Sun, 01 Nov 2026 08:47:16 GMTJobeAnderson733: New page: The Greek PM has warned the nation of a collapse in living standards if MPs fail to pass an unpopular austerity bill demanded in return for a 130bn-euro ($170bn; �110bn) bailout. In a T...
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<p>New page: The Greek PM has warned the nation of a collapse in living standards if MPs fail to pass an unpopular austerity bill demanded in return for a 130bn-euro ($170bn; �110bn) bailout. In a T...</p>
<p><b>New page</b></p><div>The Greek PM has warned the nation of a collapse in living standards if MPs fail to pass an unpopular austerity bill demanded in return for a 130bn-euro ($170bn; �110bn) bailout.<br />
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In a TV address, Lucas Papademos said Greece was "just a breath away from Ground Zero".<br />
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The cabinet has approved the measures but five government ministers resigned.<br />
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Unions are holding a 48-hour strike, and thousands of protesters rallied in central Athens against the measures.<br />
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Workers in a rally led by the PAME union in Athens on 22 April 2010<br />
There have been demonstrations against the government's austerity measures to deal with its debt, such as cuts to public sector pay and pensions, reduced benefits and increased taxes. <br />
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Greek Prime Minister George Papandreou at an EU summit in Brussels on 26 March 2010<br />
The EU, IMF and European Central Bank agreed 229bn euros ($300bn; �190bn) of rescue loans for Greece. Prime Minister George Papandreou quit in November 2011 after trying to call a referendum.<br />
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Greece's problems have made investors nervous, which has made it more expensive for other European countries such as Portugal to borrow money.<br />
Eurozone leaders are worried that if Greece were to default, and even leave the euro, it would cause a major financial crisis that could spread to much bigger economies such as Italy and Spain.<br />
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"The social cost of this programme is limited in comparison with the economic and social catastrophe that would follow if we didn't adopt it," he said.<br />
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Savings would be lost, the government would be unable to pay wages or salaries, and imports of fuel, medicine and machinery would be disrupted, he added.<br />
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Earlier, Greek conservative leader Antonis Samaras said all his party's MPs must vote in favour of the bailout law.<br />
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Mr Samaras, whose New Democracy party is a member of the governing coalition, said any rebels would face being dropped as parliamentary candidates.<br />
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Deputy Foreign Minister Mariliza Xenogiannakopoulou, who quit on Friday afternoon, is the most senior defection so far.<br />
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Her Pasok party, the largest in the coalition, also suffered the loss of a deputy labour minister on Thursday.<br />
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The austerity cuts include:<br />
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* 15,000 public-sector job cuts<br />
* liberalisation of labour laws<br />
* lowering the minimum wage by 20% from 751 euros a month to 600 euros<br />
* negotiating a debt write-off with banks.<br />
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These were presented to a eurozone ministers in Brussels on Thursday evening.<br />
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But they want a further 325m euros in savings for this year and also insist that Greek leaders give "strong political assurances" on the implementation of the packages.<br />
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To learn more about [http://jailbreakiphonetoday.com jailbreak iPhone] read more from RKhan, GBP online.</div>Thu, 15 Mar 2012 00:56:53 GMTJobeAnderson733http://beta.aalf.org/wiki/index.php?title=Talk:JobeAnderson733