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Thursday, November 8, 2012

Greek austerity plan passes in tight vote





Greece's Parliament passed a crucial austerity bill early Thursday in vote so close that it left the coalition government reeling from dissent.

Approval of the cuts and tax increases worth $17 billion over two years was a big step for Greek efforts to secure the next installment of its international rescue loans and stave off imminent bankruptcy.

[...] the close vote was a major political blow to the three-party coalition government.


READ THE ORIGINAL POST AT www.sfgate.com