Greece Adopts New Austerity Measures to Placate Creditors
- 6 years ago
Greece Adopts New Austerity Measures to Placate Creditors
Support for the legislation also overcame vehement opposition from labor unions, whose members took to the streets of the capital to denounce the government’s "savage austerity." Besides the 153 lawmakers who backed the legislation, an independent deputy supported the bill
and said she would join Mr. Tsipras’s leftist Syriza Party, strengthening his coalition’s slim majority.
15, 2018
ATHENS — Greek lawmakers on Monday approved new measures demanded by international creditors, including cuts to benefits for large families
and restrictions on trade unions, creating the basis for additional bailout funding.
A deal to lighten Greece’s debt would be a boon for Mr. Tsipras, who has faced scathing criticism for the compromises
he has made to creditors since coming to power three years ago on a pledge to reduce austerity.
Addressing Parliament, Prime Minister Alexis Tsipras, who backed the legislation, said the vote would
move Greece a step closer to emerging from its third international bailout, which expires in August.
Tsipras said that We are a breath away from the end of the program and the definitive end to the memorandums,
Tsipras said that This gives hope and courage to millions of our fellow citizens who
all these years have made large sacrifices and now finally see light and a way out,
Support for the legislation also overcame vehement opposition from labor unions, whose members took to the streets of the capital to denounce the government’s "savage austerity." Besides the 153 lawmakers who backed the legislation, an independent deputy supported the bill
and said she would join Mr. Tsipras’s leftist Syriza Party, strengthening his coalition’s slim majority.
15, 2018
ATHENS — Greek lawmakers on Monday approved new measures demanded by international creditors, including cuts to benefits for large families
and restrictions on trade unions, creating the basis for additional bailout funding.
A deal to lighten Greece’s debt would be a boon for Mr. Tsipras, who has faced scathing criticism for the compromises
he has made to creditors since coming to power three years ago on a pledge to reduce austerity.
Addressing Parliament, Prime Minister Alexis Tsipras, who backed the legislation, said the vote would
move Greece a step closer to emerging from its third international bailout, which expires in August.
Tsipras said that We are a breath away from the end of the program and the definitive end to the memorandums,
Tsipras said that This gives hope and courage to millions of our fellow citizens who
all these years have made large sacrifices and now finally see light and a way out,