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Greece: Parliament approves austerity bill incl privatisation fund for state assets00:41

Greece: Parliament approves austerity bill incl privatisation fund for state assets

Greece, Athens
May 22, 2016 at 21:45 GMT +00:00 · Published

The Greek parliament approved a new bill including additional austerity measures at the Hellenic Parliament in Athens, Sunday, just two days before a Eurozone meeting to complete the assessment of Greece's third bailout programme.

“298 deputies voted in total, regarding the bill, 153 deputies voted in favour, 145 deputies voted against, as such the bill has been approved by majority," said Anastasia Chrystodoulopoulou, third Deputy President of Greek Parliament who was chairing the session.

The bill includes further tax increases, budget cuts and the creation of a new privatisation fund to manage almost all state property. The bill's approval was a prerequisite by Greece's lenders in order to conclude the review of Greece's Adjustment Programme.

Greece: Parliament approves austerity bill incl privatisation fund for state assets00:41
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The Greek parliament approved a new bill including additional austerity measures at the Hellenic Parliament in Athens, Sunday, just two days before a Eurozone meeting to complete the assessment of Greece's third bailout programme.

“298 deputies voted in total, regarding the bill, 153 deputies voted in favour, 145 deputies voted against, as such the bill has been approved by majority," said Anastasia Chrystodoulopoulou, third Deputy President of Greek Parliament who was chairing the session.

The bill includes further tax increases, budget cuts and the creation of a new privatisation fund to manage almost all state property. The bill's approval was a prerequisite by Greece's lenders in order to conclude the review of Greece's Adjustment Programme.

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