AIRLINK 184.69 Increased By ▲ 0.20 (0.11%)
BOP 12.78 Increased By ▲ 0.02 (0.16%)
CNERGY 7.81 Increased By ▲ 0.12 (1.56%)
FCCL 40.84 Decreased By ▼ -0.36 (-0.87%)
FFL 15.18 Increased By ▲ 0.06 (0.4%)
FLYNG 26.94 Increased By ▲ 0.36 (1.35%)
HUBC 131.07 Decreased By ▼ -0.76 (-0.58%)
HUMNL 13.82 Decreased By ▼ -0.27 (-1.92%)
KEL 4.51 Increased By ▲ 0.01 (0.22%)
KOSM 6.14 Decreased By ▼ -0.25 (-3.91%)
MLCF 51.23 Decreased By ▼ -0.48 (-0.93%)
OGDC 212.11 Increased By ▲ 3.23 (1.55%)
PACE 6.29 Increased By ▲ 0.02 (0.32%)
PAEL 42.55 Increased By ▲ 0.47 (1.12%)
PIAHCLA 16.51 Decreased By ▼ -0.11 (-0.66%)
PIBTL 8.94 Decreased By ▼ -0.14 (-1.54%)
POWER 11.10 Decreased By ▼ -0.17 (-1.51%)
PPL 175.00 Increased By ▲ 2.14 (1.24%)
PRL 34.73 Decreased By ▼ -0.34 (-0.97%)
PTC 23.94 Decreased By ▼ -0.50 (-2.05%)
SEARL 94.42 Decreased By ▼ -0.86 (-0.9%)
SILK 1.14 Increased By ▲ 0.01 (0.88%)
SSGC 33.11 Decreased By ▼ -1.07 (-3.13%)
SYM 17.11 Decreased By ▼ -0.61 (-3.44%)
TELE 8.25 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.45 Decreased By ▼ -0.22 (-1.89%)
TRG 60.25 Decreased By ▼ -0.23 (-0.38%)
WAVESAPP 11.39 Decreased By ▼ -0.14 (-1.21%)
WTL 1.45 Decreased By ▼ -0.01 (-0.68%)
YOUW 3.93 Decreased By ▼ -0.08 (-2%)
AIRLINK 184.69 Increased By ▲ 0.20 (0.11%)
BOP 12.78 Increased By ▲ 0.02 (0.16%)
CNERGY 7.81 Increased By ▲ 0.12 (1.56%)
FCCL 40.84 Decreased By ▼ -0.36 (-0.87%)
FFL 15.18 Increased By ▲ 0.06 (0.4%)
FLYNG 26.94 Increased By ▲ 0.36 (1.35%)
HUBC 131.07 Decreased By ▼ -0.76 (-0.58%)
HUMNL 13.82 Decreased By ▼ -0.27 (-1.92%)
KEL 4.51 Increased By ▲ 0.01 (0.22%)
KOSM 6.14 Decreased By ▼ -0.25 (-3.91%)
MLCF 51.23 Decreased By ▼ -0.48 (-0.93%)
OGDC 212.11 Increased By ▲ 3.23 (1.55%)
PACE 6.29 Increased By ▲ 0.02 (0.32%)
PAEL 42.55 Increased By ▲ 0.47 (1.12%)
PIAHCLA 16.51 Decreased By ▼ -0.11 (-0.66%)
PIBTL 8.94 Decreased By ▼ -0.14 (-1.54%)
POWER 11.10 Decreased By ▼ -0.17 (-1.51%)
PPL 175.00 Increased By ▲ 2.14 (1.24%)
PRL 34.73 Decreased By ▼ -0.34 (-0.97%)
PTC 23.94 Decreased By ▼ -0.50 (-2.05%)
SEARL 94.42 Decreased By ▼ -0.86 (-0.9%)
SILK 1.14 Increased By ▲ 0.01 (0.88%)
SSGC 33.11 Decreased By ▼ -1.07 (-3.13%)
SYM 17.11 Decreased By ▼ -0.61 (-3.44%)
TELE 8.25 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.45 Decreased By ▼ -0.22 (-1.89%)
TRG 60.25 Decreased By ▼ -0.23 (-0.38%)
WAVESAPP 11.39 Decreased By ▼ -0.14 (-1.21%)
WTL 1.45 Decreased By ▼ -0.01 (-0.68%)
YOUW 3.93 Decreased By ▼ -0.08 (-2%)
BR100 11,930 Increased By 4.9 (0.04%)
BR30 35,810 Increased By 73.5 (0.21%)
KSE100 113,784 Decreased By -78 (-0.07%)
KSE30 35,387 Decreased By -13.7 (-0.04%)

Several hundred Greek civil servants staged a protest in front of parliament in Athens on Saturday as lawmakers inside debated a draft 2013 budget ahead of a key vote. "No to salary cuts!" read one banner held up by the protestors, civil servants from across the country.
They were protesting the reduction of some 125,000 civil servants by 2016, part of a new austerity package that squeezed through parliament on Wednesday, with just 153 lawmakers voting in favour of it in the 300-member chamber. On Saturday, lawmakers began the debate on the 2013 budget on which they are due to vote late on Sunday in the second key test for the government in less than a week.
The 2013 budget predicts that the economy will shrink by a worse-than-previously expected 4.5 percent next year and that the country's debt mountain will swell to 346 billion euros ($450 billion), or 189 percent of economic output. The government is planning 9.4 billion euros ($12.2 billion) in cuts which will affect mainly state wages, pensions and benefits that have already been drastically reduced over the past two years.
But it will still need to borrow over 68 billion euros next year, the draft budget says. Greece is currently surviving on two huge bailout packages from its troika of creditors, the European Union, the International Monetary Fund and the European Central Bank.

Copyright Agence France-Presse, 2012

Comments

Comments are closed.