World News

Schaeuble Arrives in Greece

Germany's finance minister arrived in Greece hours after Greek lawmakers approved a round of lay-offs and wage cuts affecting thousands of public workers.

Wolfgang Schaeuble, Europe's leading austerity proponent, arrived in Athens Thursday. Many Greeks blame Schaeuble for their woes since a debt crisis hit in 2009.

Parliament passed the sweeping reforms by a vote of 153 to 140.

The bill gives 25,000 public workers eight months to find other jobs or get laid off.

The passage of the reforms bill enables Greece to receive $8.9 billion in rescue aid from the European Union and the International Monetary Fund.

Debate on the reform package triggered a week of almost daily protest marches, rallies and strikes.

Featured Story

Head of radical leftist Syriza party Alexis Tsipras waves while leaving the party headquarters after winning the elections in Athens, Jan. 25, 2015.

Video Brussels Shaken as New Greek Leader Challenges Europe’s Austerity Drive

Country's youngest ever PM Alexis Tsipras, 40, sworn in Monday and says he will restore dignity to Greece by ending spending cuts More