8 Nov 2012

Greece approves more austerity measures

3:08 pm on 8 November 2012

[b The Greek Parliament has narrowly backed a fresh round of austerity measures, despite protests throughout the country.

After a lengthy debate, the €13.5 billion package was passed with 153 MPs in favour - a majority of three votes. It includes tax rises and pension cuts, the BBC reports.

Earlier, riot police fired tear gas towards protesters when they were attacked with petrol bombs in the capital Athens.

Prime Minister Antonis Samaras warned before the vote late on Wednesday that without the bailout, Greece would run out of money in November.

The austerity package is Greece's fourth in three years. It is meant to close the nation's budget deficit, lower its huge debt burden and make the economy more competitive.