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Merkel hails Greek austerity vote

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Merkel hails Greek austerity vote


Top European officials have welcomed the Greek parliaments first stage approval of the EU/IMF austerity package as a move that will pull the country back from the brink of default.

It will also pave the way for a second bailout later this year.

German Chancellor Angela Merkel believes the favourable vote will help stabilise the euro and help growth:

“I think it is the path which will help Greece enjoy a good future and encourage sustainable finances and make debt reduction possible, but will also help Greece back to growth,” she said.

While the Greek parliament has agreed to the austerity demanded by international lenders, ordinary citizens are far from convinced.

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