The Greek government has submitted a number of bills to be considered by parliament later this week.
The bills stipulate additional austerity measures, including cuts in wages and pensions, a health reform and bond swapping, in return for a bailout package from the EU, the European Central Bank and the IMF.
To qualify for a 130bn euros bailout deal, Greece has to “tighten belts” by cutting wages, pensions, jobs and funding for hospitals.
The austerity package has triggered a wave of mass protests across the country.
130 billion euros approved for Greece
The Eurogroup has approved a package of new loans totaling 130 billion euros for Greece which will assist it in avoiding the nightmare scenario of bankruptcy stated Greek Finance Minister Evangelos Venizelos.
Venizuelos called the package "the most important agreement for the country in the postwar period." According to him, the agreement opens up new opportunities that the country must take advantage of.
Venizelos gave assurances that Greece’s partners would support Athens and after the completion of the program in 2014, it will be possible for the country to return to the financial markets.
TASS, The Voice of Russia
