Greek Lawmakers Vote for Austerity as Protests Turn Ugly

Buffeted once again by protests on the streets outside, Greece’s parliament has voted — by a razor thin margin — to cut pensions and increase taxes ahead of a crucial meeting in Brussels Monday.

At the meeting, Eurozone finance ministers will again debate whether to provide financial support to the beleaguered country.

Late Sunday evening, Greek Prime Minister Alexis Tsipras’ coalition passed pension and tax reforms, which cover the majority of a €5.4 billion ($6.15B) package of austerity measures requested by creditors. A slim majority of lawmakers, 153 of 296, voted in favor of the bill.

CNN

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.