Greek austerity bill submitted to parliament

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ATHENS, Greece (AP) -- Draft legislation in Greece for new austerity measures needed for a €130 billion ($170 billion) bailout deal has been submitted to parliament.

The bill tabled late Friday came after an emergency Cabinet meeting, held after six ministers and deputy ministers resigned over the harsh new cuts, which include firing thousands of civil servants and slashing the minimum wage.

Prime Minister Lucas Papademos told ministers the measures were vital to avoid a default that would cost Greece its place in the eurozone and provoke "economic chaos and social explosion."

Lawmakers will vote on the new measures late Sunday.