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Parliament of Greece supported the new measures of austerity

The Greek Parliament on the eve of the meeting of the Eurogroup 22 May voted to introduce new austerity measures in the country, the relevant bill in the 300-local parliament supported 153 from the government unit of the Coalition of Radical Left Forces (SYRIZA) and the Independent Greeks party.

The bill provides for new cuts in salaries and pensions from the year 2019, reduction of social benefits, tax increases, and also permits collective dismissal of employees, transfersTASS.

A new bill was required to continue providing Greece with credit support from the IMF.

Recall, in April, the head of the IMF Christine Lagarde threatened that the organization may refuse to participate in further financial support to Greece, if the debt of the country will not be restructured.

In February, Lagarde said she saw no need to write off part of Greece's debts, although last December the Eurogroup approved short-term measures to reduce the debt burden.

A source: LOOK

Author: Anton Nikitin

Tags: Greece, Parliament, Laws, Economics