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Saturday, 11 June 2011 - Greek PM rebuffs austerity opponents, vows June vote |
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    Read more with google mobile : Greek PM rebuffs austerity opponents, vows June vote |

    Edition: U.S. Article Comments (0) Slideshow Full Focus Editor's choice A selection of our top photos from the past 24 hours.   Full Article  Follow Reuters Facebook Twitter RSS YouTube Read Casey Anthony murder trial experts describe tot's bones 2:04pm EDT Woman mauled by chimpanzee gets face transplant 3:28pm EDT Exclusive: Swiss, U.S. in talks on tax probe settlement 11:57am EDT Spain arrests Anonymous members over Sony attack 4:22pm EDT OPEC says oil supply gap looms later this year 9:18am EDT Discussed 112 Alabama governor signs nation’s toughest immigration law 73 U.S. debt default unimaginable, creditors say 69 Obama holds off challengers despite economy Watched Bodypainters apply their skill Mon, Jul 19 2010 Outrage over point blank teen killing in Pakistan Thu, Jun 9 2011 Four-year-old takes art world by storm Mon, Jun 6 2011 Greek PM rebuffs austerity opponents, vows June vote Tweet Share this Email Print Related News Germany sticks to demand for Greek bond swap 3:29pm EDT Greece GDP dives as cabinet aims to back austerity Thu, Jun 9 2011 CORRECTED - UPDATE 2-Greece warns dissenters against rejecting austerity Wed, Jun 8 2011 EU must make tough decisions on Greek rescue: IMF Tue, Jun 7 2011 UPDATE 4-Ruling party lawmakers attack new Greek bailout Tue, Jun 7 2011 Analysis & Opinion DMK, Congress to untie the knot? How fiscal ideology trumped job creation Related Topics World » 1 / 5 Protesters shout slogans and lift a Greek flag during a rally against austerity economic measures and corruption in Athens' Constitution square, June 9, 2011. Credit: Reuters/Pascal Rossignol By Dina Kyriakidou and Harry Papachristou ATHENS | Fri Jun 10, 2011 4:24pm EDT ATHENS (Reuters) - The Greek government defended its new austerity package from attacks in parliament on Friday, saying it was the only way to stave off bankruptcy, and made a new call for opposition parties to back the plan. Prime Minister George Papandreou's plan almost doubles the belt-tightening measures for 2011 already agreed with the International Monetary Fund and the European Union, after the lenders judged that Athens had missed goals outlined under its bailout. The ruling Socialist party has 156 deputies in the 300-seat house but growing numbers of its members are expressing unease at proposals including cutting spending and raising taxes to reduce the deficit by 6.5 billion euros more this year than first planned. Papandreou is anxious to pass the plan for more austerity through 2015 despite strikes, mass street protests and dissident voices within his own ruling Socialist party. "The medicine is not pleasant and the treatment requires devotion and commitment," he told parliament. "No prime minister of any country wants to go out with a beggar's tray and collect money from other countries ... I certainly don't, but I do it for Greece." Papandreou is fighting to get not only opposition parties but also his reluctant PASOK party behind the strategy, a condition for receiving more aid from international lenders who threw Greece a 110 billion euro ($160 billion) emergency funding lifeline last year. PROTESTS AT PARLIAMENT According to a weekly schedule released by parliament, lawmakers will start debating the midterm plan in the chamber's economic affairs committee on Wednesday. That will coincide with a nationwide strike by labor unions expected to draw tens of thousands of demonstrators to Syntagma square, parliament's front stoop and the site of two weeks of nightly grassroots protests. The square is also the convergence point of daily marches by staff in firms earmarked for privatization who oppose the government's pledge to raise 50 billion euros in the selloff of state-owned companies by 2015. In a televised address to the nation, Papandreou invited proposals for the plan from opposition parties and called for cooperation to improve Athens' position in talks with Brussels ahead of a June 23-24 EU summit. "I call on the leadership of all parties to cooperate," he said in a televised announcement. "There are many and important points where we converge. With a national consensus, we can negotiate jointly with our partners." In a move aimed at reducing resistance by the main opposition New Democracy party to the measures, Finance Minister George Papaconstantinou said the government was considering submitting a new tax bill in September cutting VAT and corporate taxes and said he hoped parliament would approve the mid-term plan by the end of June. The IMF and EU have demanded wider political consensus in Greece before they give the debt-ridden euro zone member more cash. But the main opposition groups have vowed to vote against the new measures, saying they are choking economic growth. "The mid-term plan is unreliable, unjust and ineffective. It is a de facto confession of the failure of the bailout," New Democracy party spokesman Yannis Michelakis said in a statement. European officials are still trying to work out a plan which hits private investors for some of the cost of the new funding plan, expected to be worth around an additional 120 billion euros including 30 billion from sales of Greek state assets. Figures on Thursday showed the economy is in worse shape than initially feared, with gross domestic product tumbling 5.5 percent year-on-year in the first quarter. (Additional reporting by Angeliki Koutantou; Writing by Dina Kyriakidou and Mike Winfrey; Editing by Hugh Lawson) World Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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