EU urges Greece to approve austerity program.

BRUSSELS, June 24 (Itar-Tass) -- The European Union on Thursday
conditioned the provision of more funds to rescue Greece from looming
bankruptcy on parliamentary enactment of an austerity plan.
"A comprehensive reform package... and adoption by the Greek
parliament of the key laws on the fiscal strategy and privatization must
be finalized as a matter of urgency in the coming days," EU leaders said
in a summit statement.
"This will provide the basis for setting up the main parameters of a
new program jointly supported by its euro area partners and the IMF and
allow disbursement in time to meet Greece's financing needs in July," it
added.
Greece needs 12 billion euros to avoid a default on its debt in
mid-July.