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Greece bundles bailout terms into emergency bill

February 20. 2013 2:06AM
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(AP) Greece's parliament has approved an emergency bill ratifying dozens of conditions set by bailout lenders, from tougher budget oversight rules to pay scales for spies.

Lawmakers voted 166-123 to in favor of the measures provisionally implemented by Cabinet decision late last year so that Greece could secure a massive new round of emergency loans.

European rescue lenders last month approved new installments worth 49.1 billion ($65.5 billion), with 34.3 billion ($45.76 billion) paid out days later and the rest to be transferred to Greece by March.

But many of conditions were introduced provisionally and would have expired in 40 days without parliamentary approval.

Greece's economy is being kept afloat by international rescue loans that have been granted with the condition that the country impose spending cuts and other austerity measures.

Associated Press

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