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Greece Passes New Austerity Package

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저작자 미상 (저작물 2267374 건)

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공표년도

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2011-06-30

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More violent protests rocked the streets of Athens on Wednesday after the Greek government passed a stinging new austerity package in order to avoid defaulting on its debts.
With 155 votes in favor‚ Greek lawmakers agreed to a 28-billion euro‚ five-year package of raised taxes‚ spending cuts and privatization of state programs.
[Interview : Philipos Petsalnikos‚ Greek Parliamentary speaker ] "138 deputies voted 'No' and five deputies abstained. Thus the bill with the mid-term plan for 2012-2015 has been approved by the majority."
Without the new measures‚ Greece looked set to become the first euro zone country to default on its debt.
The International Monetary Fund and the European Union gave Greece two weeks to pass and implement a new set of austerity plans before they release the fresh infusion of cash.
However‚ even though a major hurdle has been cleared away in Greece's bid to win access to international funding‚ analysts are still concerned.
[Interview : Joao Queiroz‚ Head of Trading at Gobulling] "For now‚ markets need to see evidence of the Greek government trying to implement these measures to improve the sense about the Greek economy and how government is going to try to restore the normal environment for Greek economy."
German Chancellor Angela Merkel was happy to hear the news saying the decision will not only help reduce Greece's debt but also help stabilize the euro amid concerns that such crisis could spread to core countries in the long term.
[Interview : Angela Merkel‚ German Chancellor] "It is an important step‚ on the one hand for the future of Greece but also for the stability of the euro as a whole. Greece has thus shown that it's ready to take a difficult path‚ which I realize many people will be a victim. But I also think it's the path that will make a good future for Greece."
Lawmakers are scheduled to vote on a second bill enabling individual budget measures and the privatization of specific state assets on Thursday‚ local time.
Both bills must be passed in order for the EU and the IMF to release the next 16-billion US dollar installment of Greece's international bailout.
Lee Ji-yoon‚ Arirang News.
Reporter : jiyoonjlee@arirang.co.kr

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