Greece accelerates austerity cuts in return for aid

The Greek people get the shaft! The Greek government gets a bribe to screw its own people. The carrot and the stick!

The Greek government is to impose tougher austerity measures in a move to persuade international lenders to give it more bailout funds.

A cabinet meeting on Wednesday agreed to further cuts in pensions, to extend a property tax, and to put tens of thousands of public workers on notice.
It follows two days of tough talks with the International Monetary Fund (IMF) and European authorities.
Some state pensions will be cut by up to 20%, a government official said.
The Greek cabinet met for more than six hours to discuss further austerity measures in return for an 8bn-euro (£6.9bn) tranche of aid needed to avoid default.  http://www.bbc.co.uk/news/business-15011770