The Greek parliament has passed a deficit cutting budget proposed by the government, as a step toward pulling the indebted nation out of its current fiscal crisis.
The single-chamber parliament approved the budget proposal by 160 MPs from the ruling socialist Pasok party in the 300-strong parliament on Thursday.
The implementation of the same said budget is expected to shrink public debt to 9.1% of overall gross domestic product next year.
Speaking after the vote, Prime Minister George Papandreou said the budget was “a contract to ‘re-conquer’ our credibility.”
“We shall prove our capacity and determination to change this country, to ourselves and to any foreigner who questions our will,” he said.
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