Greece austerity measures pass vote

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Greece is set to receive a much-needed €12 billion ($17.3 billion) of funds from the European Union (EU) and the International Monetary Fund (IMF), after its parliament passed an austerity package that will see €28 billion worth of tax hikes and spending cuts.

One-hundred and fifty-five parlimentarians voted in favour of Greece's medium-term financial strategy for 2012 to 2015, compared with 138 who voted against the bill. Five abstained. The IMF and EU made the passing of the austerity measures

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