- CNTV English - CCTV News

Greece cabinet meets on new austerity measures

02-22-2012 08:46 BJT

Watch Video

Play Video

Greek Prime Minister Lucas Papademos and cabinet ministers have met to finalize details of economic reforms demanded by eurozone finance ministers who agreed on the second bailout loan for the country.

Before entering the cabinet meeting the deputy education minister said the government should focus on implementing stimulus and growth policies in order to go ahead. Parliament is expected to vote on the measures on Wednesday. These new measures include a 22 percent reduction to the minimum wage reductions to pensions over 1,300 euros and cuts to health expenditures.

The EU’s executive European Commission arm said it would finalize arrangements this week to send in new officials from other European countries to monitor how Athens progresses and to assist on implementing agreed reforms.

Dora Bakoyannis, President of Democratic Alliance Party, said, "I hope that with this bailout that we come to the help which is needed for Greece for growth. An economy which does not grow is an economy which will die. So now we need to focus on growth for the structural changes. I think we will make it."

Greece's Prime Minister Lucas Papademos (C) arrives to chair a cabinet meeting in
Athens February 21, 2012.

Anna Diamantopoulou, Education Minister, said, "It is day for relief and hope. We know very well the difficulties that we have ahead. And I believe I’m sure that we are decided and we are going to implement day by day. So the stabilisation project is in the pipeline. Now we have to work on the development of the country."


Editor:Zhang Jingya |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program