Summary Box: Greece approves salary, pension cuts

AP News
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Posted: Feb 28, 2012 6:48 PM
Summary Box: Greece approves salary, pension cuts

YES TO CUTS: Greece's Parliament late Tuesday approved new cuts in public sector pensions and government spending required to secure a second package of international rescue loans.

MAJORITY RULES: Lawmakers voted 202-80 in favor of cutbacks worth a total euro3.2 billion ($4.31 billion). Lawmakers from both parties in Prime Minister Lucas Papademos' coalition, the majority Socialists and conservatives backed the legislation.

TWO FOR TWO: The rescue package is Greece's second in less than two years. The country has been surviving since May 2010 on funds from a first bailout from the eurozone and IMF.