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Greek Parliament passes austerity bill with prior actions worth €5.5billion

The Plenary of the Greek Parliament passed the omnibus bill with the prior actions necessary for the conclusion of the fourth and final review of the Greek programme. The fast-track bill was passed on Thursday afternoon with 154 votes in favor and and 144 against, in a total of 298 votes. Two deputies were absent.

The bill passed with the lawmakers’ votes of ruling coalition government  SYRIZA – ANEL.

The amendment related to the ENFIA property tax was voted on by 292 deputies, and passed with the ruling coalition’s votes (154), while the opposition voted against (138).

The bill with the prior actions had to be voted before the Eurogroup on June 21 and is a precondition by creditors in order to conclude the final review of the Greek program.

The bill foresees further pension cuts as of 2019, broadening of the tax-free basis down to 5,686 euros annual income as of 2020, more expenditure cuts in the health sector, and several privatizations just to mention a few of the prior actions. the bill contains austerity measures worth 5.5 billion euros until 2022.

Greece hopes for debt relief, the creditors sent mixed signals.

PS it’s not a new bailout agreement as the opposition claims. It is the tail of the 2015 bailout agreement 😛

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