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  Adar 6, 5772 , 29/02/12

Greece Approves New Round of Cuts

Greece’s Parliament has approved a new round of cuts aimed at meeting criteria for additional international aid. The cuts slashed 3.2 billion euros ($4.31 billion).

Greece must adopt austerity measures before receiving 130 billion euro ($174 billion) in emergency loans from other EU nations and the International Monetary Fund. The loans aim to keep Greece from a financial collapse that could drag down the rest of the EU as well.

Unemployment in Greece remains at a record high of 21%.

Other archived news briefs:Feb 29 2012, 08:29 AM, 2/29/2012