BREAKING NEWS

Greek coalition approves 2013 budget in parliament

By REUTERS

NOVEMBER 12, 2012 00:48

ATHENS - Greece's ruling coalition secured enough votes in parliament on Sunday to approve the 2013 budget law, a crucial requirement for Athens to revive its stalled international bailout program and avoid insolvency.

Deputies allied to the three-party government approved the budget with a comfortable majority of parliament's 300 seats.

It followed a much narrower margin in a vote last week for a package of austerity and labor reforms also required for Greece to receive more aid.

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