Greece Edges on Chaos as More Austerity Voted in with Default Possibly a Month Away

Greeks inflamed by bail-out demands

Greek workers erupted in fury and the government wobbled after the country’s foreign creditors demanded more budget cuts in exchange for a bail-out that is needed to ward off what could be a disorderly default next month.

Financial markets were hit and the mood darkened before a parliamentary vote on Sunday that Greek political leaders have cast as a referendum on whether the country would remain a member of the single European currency.

As the vote drew near, Lucas Papademos, the Greek premier, scrambled to shore up his coalition. Late on Friday the cabinet finally approved the bill.

Earlier, five ministers had resigned in protest at the wage and pension cuts that international lenders have demanded before they will sign off on a €130bn bail-out.

-- Political Pistachio Conservative News and Commentary