Share

Greece’s Tsipras faces first test since bailout rebellion

“There are no new measures, but hard policies which we were all aware of when we voted for the bailout agreement in August”.

Advertisement

That July deal saw Mr Tsipras abandon a pledge to bring an end to austerity and alienated a large section of his radical left Syriza party.

PAME and public sector union ADEDY will hold a rally in Athens outside parliament Friday to coincide with the vote.

A breakaway party formed by politicians who split with Mr Tsipras’ party during the summer failed to get elected to parliament in the September election.

The new bill paves the bottom, foreseeing that retirement age is regularly raised to sixty seven years for everywhere in the subsequent seven years and people who take an early retirement face an extra 10 % reduce on their pensions. “We should not let them destroy social security”, Reuters reported. “Everyone must fight it”, protester Eleni Menegaki said.

The bill included a new round of tax hikes for all taxpayers that have already caused strong reactions, as well as the introduction of tougher penalties for tax evaders. The measures are required before crucial funds can be injected into the country’s ailing banks. It also wants improved bailout repayment terms as its massive national debt is set to exceed 190 percent of annual output next year. The cost of the reforms, as well as the ongoing controls on money transfers in the country, are expected to keep Greece in recession for at least the next two years.

Advertisement

The single-chamber parliament only narrowly adopted the new measures after a heated debate which ended in all six opposition parties voting against the bill.

Greece's parliament is expected to approve later a first batch of reforms and tax cuts stemming from its third EU bailout. The vote schedule