Tuesday, October 13, 2015

Syriza presents controversial package of tax and pension reforms

by Kerin Hope

Financial Times

October 13, 2015

Greece’s leftwing Syriza-led government has presented more tax and pension reforms to parliament amid growing concerns that the package of measures will prolong the country’s six-year recession.

The proposals are being discussed under emergency procedures so that Greece can meet a weekend deadline set by creditors for implementing a tough front-loaded package of fiscal and structural measures in return for an €86bn bailout.

Winning approval for the package will be a test for Alexis Tsipras, the prime minister, and his party that won last month’s general election but only has a four-seat majority in parliament.

Mr Tsipras, whose policy somersault in July to embrace economic reforms prompted a rebellion by Syriza hardliners and triggered the general election, has already moved to head off possible further defections by Syriza backbenchers.

He rallied Syriza’s central committee behind him at a weekend meeting and tightened his grip on the party executive with the election of three cabinet ministers to the 17-member political committee.


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