Advertorial

Ocean Basket

Greek cabinet approves bailout bill

Comment on this story


IOL bus 11feb greek cabinet 2

AFP

The Greek cabinet approved a draft bill on Friday, committing the country to reforms required by the EU and the IMF in return for a new 130-billion euro bailout that Athens needs to avoid a messy bankruptcy, government officials said.

“It was approved,” a minister who took part in the cabinet meeting stated.

The bill is scheduled to be voted in parliament on Sunday, which would take Greece one step closer to getting the loan.

The EU also wants Greece to identify further 325 million euros of spending cuts and clear commitments by main party leaders that the reforms will be implemented. -Reuters

sign up

Share |  

Facebook icon

Facebook

Twitter icon

Twitter

Google icon

Google

Yahoo icon

Yahoo

Reddit icon

Reddit

del.icio.us icon

del.icio.us

Pinterest icon

Pinterest

Email

Print

  • Rate this article
  • Average reader rating (0 votes) 0 Stars

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)

Join us on

IOL-Social networks IOL-Social networks
IOL-Social networks

Mobile
on m.br.co.za

IOL-Social networks

Newsletters
Subscribe

IOL-Social networks

RSS feeds
Subscribe

Sudoku