Greece voted reforms, it's time for debt relief: Greek PM

20 May 2017, 09:47 | Isaac Mcdaniel

GETTYGreece is pleading for kinder re-payment terms and conditions

Tsipras and Merkel

All 153 lawmakers in Prime Minister Alexis Tsipras' governing coalition backed the legislation that includes new pension cuts and lower tax breaks, which are expected to save Greece 4.9 billion euros ($5.4 billion) until 2021. Police responded with teargas dispersing the crowd temporarily.

The demonstration was mainly peaceful, although several anarchist groups threw Molotov cocktails at the statue of the Unknown Soldier in front of Parliament and clashed with the police.

Greek MPs have voted in favour of further austerity measures against a backdrop of protests, in order to receive further bailout funds from European creditors.

Another 2,000 people gathered outside parliament following a call from the country's main trade unions.

The legislation is a part of measures to convince global creditors to release a €7.5 billion bailout tranche and grant Greece further debt relief.

Led coalition airstrikes targeted pro-Syrian regime forces
Control of Hama province is divided between the government, rebel forces and IS, which is present mostly in the east of the area. The envoy's office said his team also met separately on Thursday with opposition experts on constitutional and legal issues.

McIlroy to undergo test on troublesome back
On Monday, McIlroy told Ewan Murray of the Guardian that the MRI confirmed no new injury to his back or ribs. McIlroy played four times in six weeks through the Masters before taking a three-week break to get married.

Sega Wants to Revive 'Major IPs'
As reported by Gematsu , Sega reported on a roadmap to investors on what it wants to do in the near future. These titles include Warhammer 40,000: Dawn of War III, Total Warhammer II and Sonic Forces.

An anti-austerity rally in Greece's capital turned violent Wednesday as a general strike halted flights, ferries and public transportation, and as thousands joined protest marches across the country. Athens hopes the disbursement of 7 billion euros from existing bailout loans will be approved by a meeting of eurozone finance ministers on May 22. They were repulsed with tear gas, and police said one man was arrested and two more detained on suspicion of taking part in the violence. Greek workers have walked off the job across the country for a nat.

Government spokesman Dimitris Tzanakopoulos told Skai TV that Greek creditors the International Monetary Fund and Germany were "in the final stretch of very tough negotiations" over a compromise that should allow Greece to return to bond markets in 2018. In the meantime parliament is expected to vote in favour of the plan which would lower pensions and raise taxes by almost five billion euros, although compensation is planned for the most deprived along with subsidies for rents and medicine.

The new belt-tightening measures, if approved, would be imposed after Greece's current third bailout ends next year. The banking restrictions and limits on cash withdrawals remain.

Since then, a number of worldwide lenders, including EU institutions and the global Monetary Fund (IMF), agreed to provide Athens with several bailout packages in exchange for austerity reforms, which have been bitterly opposed by the country's trade unions.

Opposition party New Democracy's leader Kyriakos Mitsotakis alleged that the omnibus reform package was the biggest political fraud the country has ever known.



Other News

Trending Now

Divings bans to be introduced to English football
Should "deception" have been proven to have taken place, the player who received a yellow or red card will have that rescinded. Then Hull winger Robert Snodgrass apologised for diving in a Premier League match against Crystal Palace earlier this season.

Sanchez casts doubt over Arsenal future
Fifth-placed Arsenal trail Liverpool by a point and host Everton in their final Premier League match of the season on Sunday. I think if we buy the right players in the summer then it is completely possible.

Trump lashes out at critics, 'naysayers,' unfair treatment
The president was unusually quiet on Twitter Wednesday morning, his preferred social media method to weigh in on the controversy du jour.

Trump Vows Peace Push After Meeting Abbas - But Scant Details
All children, he said, "must be taught to value and respect human life and condemn those who target the innocent". Israel has rejected a return to the 1967 borders, the territorial lines drawn before the Six Day War.

Barron Trump to attend private school in Maryland this fall
Eleven-year-old Barron is finishing the current school year at a private institution in NY . Another Trump is planning to attend school in the Washington , D.C. area this fall.

Russia, Saudi Arabia back extension of oil output cuts
By May 9, hedge funds were running a net short position of 21 million barrels in US gasoline and 9 million barrels in heating oil. US crude rose 2.72 percent to $49.14 per barrel and Brent was last at $52.09, up 2.46 percent on the day.

'He could've been saved,' Shayanna Jenkins tells Dr. Phil
Phillip McGraw that she doesn't think that Hernandez's death in his prison cell was a suicide, as authorities have ruled. Jenkins-Hernandez also said she doesn't think Hernandez was a gang member. "She was very much a daddy's girl".

Romanian carmaker Dacia halts production after global cyber attack
Earlier Saturday, the spokeswoman had said the problems were mainly related to France, and had also affected the company's IT systems.

Mom dies saving daughter from out-of-control car on Mother's Day
She was trying to back out of a diagonal parking space in her 2005 Toyota Corolla when she struck the pair, police said. Aluska died at a West Islip hospital, while Jenna and Riolo were treated for minor injuries, police said.

Mourinho vows to keep United fresh for final
Former Liverpool forward Dean Saunders believes winning the EFL Cup and the Europa League should not be considered a good season for Manchester United.