Greece passes pension, tax reform bill

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A Greek national flag flutters atop the parliament building in Athens, Greece April 11, 2016. REUTERS/Alkis Konstantinidis
Greece\’s parliament on Sunday passed a package of unpopular pension and tax reforms that the country\’s leftist-led government hopes will help persuade official creditors to release bailout cash. After a two-day heated debate and amid protests and strikes by labor unions, Prime Minister Alexis Tsipras\’ coalition, which has a thin parliamentary majority, secured enough votes to pass the reforms ahead of Monday\’s Eurogroup meeting.
Greece\’s Parliament has approved a bill reforming the debt-ridden country\’s pension and tax systems.
The bill, introduced as part of requirements the country must meet under its third international bailout, is set to increase social security and pension contributions and raise taxes for most people.
The bill was approved by the 153 lawmakers of the ruling Syriza/Independent Greeks government coalition; all opposition parties in the 300-member Parliament voted against.
The vote took place amid a crippling general strike and protests that briefly turned violent Sunday.
SOURCE: AP

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