Greece approves tough salary, pension cuts
ATHENS, Greece — Greece's Parliament has approved new cuts in public sector pensions and government spending demanded to secure a second package of international rescue loans.
Lawmakers voted 202-80 late Tuesday in favor of new cutbacks worth a total $4.31 billion aimed at bringing the 2012 budget back in line with targets.
Earlier, the debt-crippled country's Cabinet decided to apply labor reforms, including deep cuts to the minimum wage retroactively to Feb. 14.
Greece is obliged to adopt a series of austerity measures and reforms before it can receive any funds from its new $174 billion package of rescue loans from other eurozone countries and the International Monetary Fund.
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