Prime Minister Greece George Papandreou has obtained the confidence of parliament last night, with a majority 155 seats from 300. Greece can start a new austerity plan. More than 20,000 demonstrators took to the streets soon.
Greece Protesters Gathered Outside The Parliament During The Vote SIPA
Decisive? In any case, it is a significant step forward towards the economic crisis and avoid the bankruptcy of the country. The Greece Socialist government won on Tuesday night on a vote of confidence in parliament, the victory that paves the way for the adoption of an austerity plan. This condition is essential for financial assistance from the IMF and the EU. More than half of the 300 members of Greece parliament (155 votes against 143 with two abstentions) have supported the socialist government of Prime Minister George Papandreou who has reshuffled his government last week to facilitate the adoption of new austerity measures. All members of the Socialist Party have placed their trust in the Greece government. The outcome of the vote of confidence led to a brief rise in the Europe but does not allay the fears of investors about the rapid adoption of austerity measures.
More than 20,000 demonstrators anti-austerity besiege and gathered at the Greece parliament in Athens during the vote. They gathered in Syntagma Squarehave and taking the slogans which are pointing towards to the parliament and also to the police were stationed around that place. After the vote, the police fired tear gas to disperse a small group of protesters who they are still continued demonstrating.
The confidence vote was the first of three the tests had succeeded to avoid bankruptcy in Greece. The government would have to pass the principle of a package of savings amounting to 28 billion euros over five years on next Tuesday, which it has been agreed by the European Union (EU) and the International Monetary Fund (IMF ).
This law implementing the measures of savings, tax increases and privatization – then will be adopted by an extraordinary European Union meeting on July 3. This is probably the most difficult obstacle to overcome.
Greece Stand Alone?
The situation in Greece still worried due to on the level of debt that still on critical, after the lack of competitiveness in the Europe area economy and the tax system is in tatters. “The crucial quotation concerning the Greek economy (that of) is the lack competitiveness will resulting the extremely low performance” Lipsky said in Berlin after he talks with German Chancellor Angela Merkel concerning the Greek debt crisis.
“The tax system is broken at the bottom. But it means can be repaired. It is not difficult to repair it. It is a matter of political movement, “said the IMF official, who was speaking at the American Academy in Berlin.
