February 12th, 2012
05:55 AM ET

Greece Parliament to vote on austerity measures

The parliament in Greece is expected to vote Sunday on austerity measures demanded in return for a new eurozone bailout of the debt-stricken country.

In a speech Saturday evening, Prime Minister Lucas Papademos urged the Cabinet to approve the deal, warning of "social explosion, chaos" if it fails.

"The state will not be able to pay salaries and pensions or import basic goods" such as medicine and fuel, he warned, adding that "unemployment, which is currently unacceptably high, would increase even higher."

Ultimately, Papademos said, if parliament rejects the deal, Greece - already in the midst of a prolonged recession - would be "bankrupted and out of the eurozone."

Parliamentary approval would pave the way for the eurozone finance ministers to sign off on the new €130 billion ($172.6 billion) bailout deal.

Greece needs the funds in order to meet €14.5 billion in debt repayments due next month.

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Filed under: Greece • World
soundoff (110 Responses)
  1. chrissy

    @ Sirned, yes he is, and he would get alot more accomplished if he had a WORKING TEAM behind him! Theres an old saying that goes, A good leader is only as good as the team behind him! And with the romper room mentality in congress, wont be much progress!

    February 12, 2012 at 5:04 pm | Report abuse |
  2. hamsta

    @chrissy realizing that a welfare system allows moochers to do what moochers do doesnt make me mean.maybe you should tell the moochers to be nice and GET A JOB.

    February 12, 2012 at 6:51 pm | Report abuse |
  3. dazzle ©

    @hamsta, I've read through this thread and fail to see a previous mention of a "welfare system" or so called "moochers." Where does "be nice" enter into this? I am not following your line of reasoning.

    February 12, 2012 at 7:36 pm | Report abuse |
  4. chrissy

    @ dazzle, give you a few days on here and you will see a pattern with certain individuals. Thats just one of em. Lol.

    February 12, 2012 at 8:44 pm | Report abuse |
    • dazzle ©

      @chrissy, you are correct. Especially when one touts or rants about issues but can't respond or defend their purported stance.

      February 12, 2012 at 8:59 pm | Report abuse |
  5. chrissy

    And hamsta, take a good look around you, there aint a helluva lot of jobs out there. Now i guess you can be consumed with your hatred of those less fortunate than you, or you can get out there and make a difference. Glass half full or half empty?

    February 12, 2012 at 8:49 pm | Report abuse |
  6. RUFFNUTT ( south kasas city resident and leader of the gkop alliance )

    THERE IS TONS OF GOOD JOBS.... walmart and mcdonalds..

    February 12, 2012 at 9:13 pm | Report abuse |
  7. chrissy

    Lol dazzle, i give you 3 days in here and you will know exactly what im talking about, lmao! Yea right ruffnutt, and they arent hiring. Christmas is over dude!

    February 12, 2012 at 9:35 pm | Report abuse |
  8. Philip

    @Chrissy. There are in fact a "hella lotta jobs out there". Unemplyment is below 20%, and besides, over half of the US workforce works for the government. The avg. gov. employees salary is 56K per year, whereas the 1/3 of US who actually produce something avg. 43K. Gov employees entitlements are valued at 120% of private sector benefits, with military entitlements valued an additional 20-80%. Don't blame "the economy" because student loans are still owed even though the students have been graduated for years. It's not Indias fault their kids pay attention in college and so make more likely candidates for employment than their American counterparts. This may come as a shock, but millions of Americans would rather not work, and so defraud the system for survival. Once the fraudsters are all slaving in corporate prison camps to pay back what they stole from SS, welfare, food stamps, military entytlements, etc., the economy will floursih once again.

    February 12, 2012 at 9:37 pm | Report abuse |
  9. Philip

    @Chrissy. There are in fact a "hella lotta jobs out there". Unemplyment is below 20%, and besides, over half of the US workforce works for the government. The avg. gov. employees salary is 56K per year, whereas the 1/3 of US who actually produce something avg. 43K. Gov employees entitlements are valued at 120% of private sector benefits, with military entitlements valued an additional 20-80%. Don't blame "the economy" because student loans are still owed even though the students have been graduated for years. It's not Indias fault their kids pay attention in college and so make more likely candidates for employment than their American counterparts. This may come as a shock, but millions of Americans would rather not work, and so defraud the system for survival. Once the fraudsters are all slaving in corporate prison camps to pay back what they stole from SS, welfare, food stamps, military entytlements, etc., their secret cash jobs will become available and the economy will floursih once again. 🙂

    February 12, 2012 at 9:42 pm | Report abuse |
  10. RUFFNUTT ( south kasas city resident and leader of the gkop alliance )

    we'll my pizza hut is hiring... of course my camaro eats most of my tip money..

    February 12, 2012 at 9:43 pm | Report abuse |
  11. Greek American

    @hamsta
    Again, Greece is not the only country in Europe that has a Socialist style government. Please take a look at the top ranked countries to live in list and explain to me why many or most of them are Socialist governments. And NO, the "USA under Bush-Cheney" is not on that list.

    February 12, 2012 at 9:45 pm | Report abuse |
  12. Philip

    The economy will rebound and many many jobs will be made available once those whom defraud our generous system are all rounded-up and thrown into slave camps, aka Homeland Security Prisons...all 160 of them. If you have been defrauding welfare, social secuirity or military entytelment disablility, your numbers are tallied. You will pay US BACK EVERY SINGLE CENT YOU SWINDLED. And each of those cash side jons you fraudsters hog down will be made available for those who wish to work legally. I can't wait to see the CIA helping the overwhelmed FBI deal with you military entytlememt disability fraudsters in the same way you approve of the CIA dealing with foreigners. I live in a small city full of your kind. Your days are numbered.

    February 12, 2012 at 9:50 pm | Report abuse |
  13. Greek American

    @Mott
    Yeah its the Greeks fault that their country is beautiful and has lots of beaches. That's a stupid comment. And Greece is not famous for their wines. And the Spartans would be proud because at least Greek people stand up for their beliefs and protest when they feel they've been taken advantage of, unlike other countries where citizens just sit around and take it up their a*s because their (your) government says that's the way it is going to be.

    February 12, 2012 at 9:50 pm | Report abuse |
  14. Greek American

    @Philip
    I couldn't agree with you more! There are probably more people here on fraudulent Social Security disability than there are total citizens in Greece. Thanks for making the point that there are these types of people everywhere, not just Greece.

    February 12, 2012 at 9:55 pm | Report abuse |
  15. Philip

    Greek citizens understand full-well how the Federal Reserve System operates in Europe, and it makes them very upset. If more Americans understood this simple truth, that the Fed/central banks conducting business in the USA WITH IMPUNITY (never even being audited by US) are in fact robbing US BLIND with Obama's approval, we would be burning down the freaking White House.

    February 12, 2012 at 9:56 pm | Report abuse |
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