Athens ablaze as Greece votes in favour of £110bn bailout (15)

Greek MPs last night voted in favour of a controversial austerity bill as rioters again took to the streets and set buildings alight.

The punishing cuts to wages and pensions are fiercely stoking tensions in the near-bankrupt country.

Yet if the bill was not passed, Greece would have been denied a £110billion EU bailout package and finally run out of money.

During a stormy debate, MPs said the country faced a grim choice between bankruptcy through leaving the euro or approving the bailout and suffering years of hardship.

Prior to the vote, five ministers had quit and the prime minister warned Greece was just a ‘breath away from Ground Zero’.

Lucas Papademos warned that any rejection of the deal would lead to ‘uncontrollable economic chaos and social explosion’. Despite his words, thousands took to the streets urging the MPs to reject the cuts bill. They were greeted by almost 4,000 riot police and the two sides fought battles.


See Also:

Merkel taking Europe in wrong direction: Soros

Unemployment expected to reach almost 3MILLION as THIRD of firms plan to make redundancies

Bonuses in the public sector face widespread crackdown

Markets gain after Greece passes austerity bill

Germany’s Carthaginian terms for Greece

Afternoon Updates:

12:06 pm EST, February 13th, 2012 – Delays in absorption of EU funds

12:08 pm EST, February 13th, 2012 – Athens reeling from latest riots

12:10 pm EST, February 13th, 2012 – Violence offers glimpse of Greece’s reform challenge

12:11 pm EST, February 13th, 2012 – More than 40 MPs ousted as Greece approves EU-IMF deal

12:13 pm EST, February 13th, 2012 – What is lost in the fire

12:15 pm EST, February 13th, 2012 — In Greece, failure still looms amid the ‘political theatre’

12:19 pm EST, February 13th, 2012 — Greece: what happens now?

12:23 pm EST, February 13th, 2012 – Greeks left counting cost of riots they can’t afford

12:29 pm EST, February 13th, 2012 — Democracy and transparency remain the biggest victims of the euro crisis

12:34 pm EST, February 13th, 2012 — Debt crisis and Greek bailout: live

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