Greek parliament trying to undermine austerity budget

This was predictable since no politician in their right mind would vote so much pain on his constituents. Financial Times: The Greek prime minister has warned lawmakers against undermining reforms agreed with international lenders in an attempt to boost their popularity as the country heads for elections in early May. Lucas Papademos, the former central banker serving as interim premier, has cracked down after deputies proposed scores of amendments to key spending legislation due to be rushed through parliament in the next 10 days. Lawmakers from the governing coalition of the Panhellenic Socialist Movement (Pasok) and the conservative New Democracy party have overwhelmingly backed a tough fiscal and structural reform package to ensure that Greece can secure a second €174bn bailout from the European Union and International Monetary Fund. But with both parties performing poorly in opinion polls, deputies have tried to exploit a loophole that allows amendments to be...(Read Full Post)