June 21, 2011
Greece faces a "moment of truth" as the government battles to win support for austerity measures, EU Commission President Jose Manuel Barroso has said.
A vote of confidence late on Tuesday is a first step towards a vital 12bn euro ($17bn; £10bn) loan from the EU and the International Monetary Fund (IMF).
Greece needs the loan to pay its debts.
If the government survives the vote, Greece's parliament will be asked to back the latest spending cuts - worth 28bn euro - on 28 June.The EU and IMF will only release funds once the austerity measures have been voted through.
"No-one can be helped against their will," Mr Barroso said in Brussels.
More
No comments:
Post a Comment