|
Greek parliament adopted an austerity budget for 2012 drastically
Greek parliament adopted Tuesday night to Wednesday a drastic austerity budget for 2012, relying on a strong reduction of government deficit and a fifth consecutive year of recession, marking Athens' decision to remain in the euro area, according to AFP.
To be able to achieve a primary surplus of 1.1 percent in 2012, an ambitious goal given the deep recession that crosses the country, Greece must be "determined" and "systematic" in its effort, otherwise history will not will forgive Lucas Papademos said Prime Minister, to the deputies.
Coalition government (socialists, right, far right), which theoretically could count on 255 votes out of 300 in Parliament, won 258 votes in favor of this budget, out of 299 voters, 41 MPs expressing are against, according to official results.
Budget 2012, criticized the demonstrators, contains new tax increases, cuts in salaries of civil and number of employees in the public sector.
"Our position in Europe is not negotiable," Papademos said, faced with tough decisions to avoid bankruptcy, while the euro area is struggling to keep their integrity.
"Greece is and will remain a part of united Europe and the euro," said Prime Minister, former Vice President of European Central Bank (ECB), stressing that the "participation" involves the "obligations".
This austerity budget goes along with a plan to renegotiate and removal of part of debt affecting the country and with a second aid plan launched by European partner countries.
In this context exception, "the country's future is not decided only in 2012, but for the whole decade to come," Prime Minister told MPs.
Greece's 2012 budget provides for a reduction of public deficit to 5.4 percent of GDP, compared with 9 percent of GDP expected in 2011, which is a huge effort in terms of reducing expenditure and increasing tax revenues.
|