Greek Lawmakers Approve More Austerity - Presented by: The Aol. On Network

Tough but necessary measures. Greece's parliament has voted in favour of more austerity. 15,000 jobs in the country's public sector will be axed. There will also be more property taxes and a reduction in the minimum wage. The measures are needed so Greece can access 8.8 billion euros in rescue loans to help pay wages, as well as the bonds held by the European Central Bank that mature in less than three weeks. But that's of little comfort to those about to lose their jobs.



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