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2/10/12

Anger in Greece as parliament to vote on bailout

The cabinet approved the draft bill late on Friday - paving the way for a new multi-billion euro bailout and a debt-cut plan - after another day of rocky politics where six cabinet members resigned over the additional austerity demands.

Analysts expect the deeply unpopular package to be adopted by parliament on Sunday after being discussed in committee on Saturday, but the political situation remains highly unstable and a number of lawmakers have said they would vote against it.

Even after the vote is completed, the EU expects the government to specify a further 325 million euros ($430 million)of spending cuts before it agrees to the 130-billion-euro bailout.
Anger in Greece as parliament to vote on bailout | Reuters

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