Friday, June 17, 2011

Reuters: Greece to Pass Austerity Plan- With Changes

Translation: we'll pass the new austerity plan to receive a new bailout...we'll just avoid all of the austerity measures. Capiche?
And so the comedy continues.


(Reuters) - Greece will seek approval from euro zone finance ministers on Sunday to agree to some changes in a mid-term austerity plan that parliament is expected to pass, the country's new finance minister said on Friday.
"The midterm plan is the passport for reliability not only for the fifth tranche but for the problem of the viability of the public debt," Evangelos Venizelos told Mega TV channel after he was appointed in a cabinet reshuffle.
"The mid-term plan will have to be voted with improvements that have already been made in committee. And those that have already passed (in committee) must be agreed officially with our partners." (Reporting by Harry Papachristou and Angeliki Koutantou)