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Greece cabinet meets on new austerity measures

02-22-2012 08:46 BJT

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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

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