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Tuesday 02.09.2014 | Name days: Lizete, Elīza, Zete

Greece agrees to cut spending amid mass protests

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUThe Greek parliament is set to cut the government spending in order to get the European Union and the International Monetary Fund’s financial aid package.

In accordance with the new document, the Greek public sector will lose 15 000 jobs in the next three years. Wages and pensions will be cut as well. The plan also provides liberalization of labour legislation, reports Reuters.

The parliament session was held amid mass protests and riots attended by austerity opponents. On Sunday, February 12, more than 100 000 demonstrators took to streets in most of Greek cities.

Also in Athens, more than ten buildings were set on fire. Several dozen people were injured, while the police detained the most aggressive protesters.

Budget spending cuts were one of the preconditions put forward by the international lenders, so that the state could get 130 billion euro loan. Greece needs the funds to escape default.

It is expected that the final decision on financial assistance to Greece will be taken on February 15 in the eurozone finance ministers meeting in Brussels.

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