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Greece submits mid-term austerity plan to parliament
ATHENS, June 9 | Thu Jun 9, 2011 1:30pm EDT
ATHENS, June 9 (Reuters) - The Greek government on Thursday submitted to parliament the mid-term fiscal and privatisation plan required by the EU and the IMF to put the country's finances back on track, the Finance Minister said.
"The cabinet approved the mid-term plan and submitted it to parliament," George Papaconstantinou told reporters.
http://greece.greekreporter.com/files/ypoyrgiko-symvoylio-6-.jpegThe Greek government on Thursday submitted to parliament the mid-term fiscal and privatization plan required by the EU and the IMF to put the country’s finances back on track, the Finance Minister said.
“The cabinet approved the mid-term plan and submitted it to parliament,” George Papaconstantinou told reporters.
Fellow eurozone governments have warned that if Greece does not enforce new austerity, it will be cut off from aid.
The new plans include a remedial euro 6.4 billion package of cuts and tax hikes for this year, a renewed austerity drive for 2012-2015 and the privatization program.
No specific date has been set for a vote in the 300-member legislature, where the governing Socialists hold a six-seat majority, but three Cabinet officials said they expected it to be held before June 28.