Amid Protests, Greece Adopts New Austerity Plan

NEW YORK TIMES:   …The measures — including additional wage cuts, pension cuts, layoffs for public sector workers and changes to collective bargaining rules to make it easier to hire and fire — were passed on Thursday night with the support of all but one of the governing Socialist party’s 154 legislators.

Earlier in the day, a demonstration that started out peacefully devolved into violent skirmishes. For the first time in recent memory, demonstrators hurled firebombs not at the police but at one another, as anarchists apparently battled a pro-Communist group.

In a striking defection among the Socialists, Louka Katseli, a party stalwart and former labor minister, voted against a controversial element in the bill on collective bargaining, defying government warnings that rejection of any provisions of the legislation could jeopardize the release of rescue financing on which the country’s solvency depends…  (more)

EDITOR:   Poor bastards!   We wonder on how much European bank money past hands to get the approval. 

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