30 Jun 2011

Bankers Laugh As Athens Burns

Greece's ruling socialist party has passed a second austerity bill needed to implement an austerity package to secure more funds from the European Union (EU) and the International Monetary Fund (IMF).

The vote saw 155 members of parliament voting in favour of the bill, 136 voting against and five abstentions. Politicians voted on Thursday on the second of two austerity bills that are key to receiving funding, after endorsing an initial law on Wednesday to slash $40bn off the national debt.

Source: Al Jazeera and agencies