Greek Parliament to meet and discuss austerity program

Greece scrambled Wednesday to adopt a batch of emergency laws that will further cut incomes and government spending, while revising deficit estimates higher, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy. 

The new austerity measures demanded by creditors in return for the rescue loans follow two years of deepening misery.

Parliament is expected to vote on the cuts and budgetary revisions early next week.

On Wednesday, debate will start at committee level on a separate draft law on adopting the private debt writedown. Parliament’s plenary session will vote on the draft law Thursday.