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GREEK PARLIAMENT APPROVES BUDGET CUTS

The Greek parliament voted in the early hours on Thursday to give the government the green light to implement its 2010 budget, which seeks to reduce the deficit by four percentage points to 9.1 per cent of GDP

Speaking just before the voting began, George Papandreou, prime minister, said the 2010 budget was the most difficult and important since 1974 when democracy returned to Greece.

All 160 deputies of the ruling socialist Pasok party voted in favour of the budget while 139 deputies of the opposition parties voted against, with one deputy abstaining.

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