Concerns that Greece faces a worse-than-expected recession saw the FTSE open 2.5 per cent down and Asian markets also fell sharply in - with Japan's Nikkei losing 2.3 per cent.
The parliament meeting follows three days of talks with Greece's creditors - the European Commission, the European Central Bank and the International Monetary Fund about a government proposal that the civil service cuts will come mainly from placing staff nearing retirement age on 'reserve,' or suspending them at reduced pay.
State workers who make up a fifth of the Greek workforce are guaranteed jobs for life under a constitution that bans firing government employees in virtually all circumstances. Read More
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