Greece's government presents a new austerity package to parliament on Monday, facing a week of strikes and protests over proposals which must win lawmakers' approval if the country is to secure more aid and stave off bankruptcy.
Parliament is expected to vote on Prime Minister Antonis Samaras's package of 13.5 billion euros ($17 billion) in cost cuts and tax hikes on Wednesday along with measures making it easier for firms to hire and fire workers.
Despite public exasperation at four years of belt-tightening that has helped wipe out a fifth of the economy and leave a quarter of Greeks jobless, the package and a tough budget slated for a vote on Sunday are expected to scrape through parliament. In case it doesn't the Greek Government coalition will probably collapse with reactions being felt throughout the global financial community.
EU-Digest
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