Greek budget for 2012 approved

© Scanpix/AFP

Greek PM Lucas Papademos gained parliamentary approval for the country's 2012 budget. Premier's plan is aimed at reducing the deficit shortfall close to 50% from a debt write-off and ensuring Greece stays in the Eurozone. The motion was approved by 258 in favour and 41 against in 300-seat Parliament. Next year budget predicts 5.4% deficit of Greece's GDP in comparison with 9% deficit in 2011.