Greece update

POLITICIANS IN GREECE will vote today on intensely unpopular new austerity measures as the country remains paralyzed by a two-day general strike.
Protesters were again headed to Athens’ main Syntagma Square this morning, while one communist party-backed union vowed to encircle parliament in an attempt to prevent lawmakers from accessing the building for the vote on spending cuts and tax hikes required by Greece’s international creditors.
The bill – needed to secure continued payment from an international bailout fund – won initial approval in a first vote Wednesday night, and deputies are now to vote on the details, which include the suspension on reduced pay of 30,000 public servants and the suspension of collective labor contracts.  The Journal

That would be whoops to politicians making long term wage promises.