Greece Imposes New Austerity Budget
Submitted on December 11, 2011
By Robert Stevens - 10 December 2011
Early Wednesday morning, the unelected Greek “technocratic” government of former central banker Lucas Papademos passed a brutal austerity budget. Approved by a vote of 258 to 41, it was supported by all three parties now comprising the government: the Panhellenic Socialist Movement (PASOK), New Democracy and the neo-fascist LAOS party...It includes a further 5 billion euros in spending cuts and another 3.6 billion in taxes. Pensions will be cut by 15 percent from January 1, and wages are to be slashed even further.
