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Monday, November 5, 2012

Greece bracing for 2 decisive votes this week





ATHENS, Greece (AP) — Greece's coalition government is facing two crucial votes this week in its effort to secure a portion of a bailout loan by creditors that will stave off threatened bankruptcy.

Along with the inevitable strikes that are expected at least through Thursday, and possibly throughout the week, the coalition has to rein in its own fractious MPs, with the smaller partner saying it will vote against the bill and the other two parties facing possible dissent within their ranks.

Democratic Left leader Fotis Kouvelis reiterated his opposition to further cuts in wages, pensions, benefits and other labor market reforms contained in the omnibus bill after a late Sunday meeting with conservative Prime Minister Antonis Samaras.

Usually, Greece voted on the budget at the last session before Christmas recess but has brought the vote forward and accelerated the debating schedule at the insistence of its Eurozone partners, who said it should do so before the meeting of Eurozone finance ministers on Nov. 12.


READ THE ORIGINAL POST AT www.sfgate.com