21 Jun 2011

Greek government faces up to debt

9:21 pm on 21 June 2011

The Greek government is facing another day of mass protests against austerity cuts before a vote of confidence in parliament later on Tuesday.

The BBC reports that while ministers have argued that without further austerity measures in exchange for a new bail-out Greece is heading for bankruptcy, many Greeks appear to prefer that option to further austerity.

Greece faces debts that amount to 30,000 euros for ever person in the country and eurozone countries and the International Monetary Fund have said they will only give Athens further emergency funds to pay the creditors if the parliament it agrees to further cuts in the next two weeks.

If the government survives Tuesday's confidence vote, parliament will be asked to back spending cuts worth 28 million euro on 28 June.