Greek Parliament approves deep social cuts in face of mass opposition

by JOE KISHORE and ALEX LANTIER

The Greek Parliament voted to approve €30 billion in cuts to jobs, wages, pensions, and social spending Thursday, the day after a general strike against the measures. The cuts were agreed to by Prime Minister George Papandreou as part of a loan package from European governments and the International Monetary Fund.

Mass opposition to the measures panicked stock markets, expressing growing concern in ruling circles that global social unrest will disrupt plans to make the working class pay for government deficits. Markets fell sharply in Asia, Europe, and the United States.

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