Govt tables measure to freeze pensions until 2022; latest package of ‘prior actions’ submitted

9 June 2017
948 Views

The latest and probably last round of “prior actions” demanded by creditors to conclude the long overdue second review of the Greek program was submitted to Parliament on Thursday, with the most prominent measure being a freeze on pensions in Greece until 2022.

The leftist-rightist coalition government submitted the prior actions as part of an amendment in an unrelated bill on harmonizing Greek law with the European acquis in terms of fisheries policy, with the debate and vote to be conducted via an emergency process – a development that generated sharp opposition criticism.
Another measure includes a surcharge to be imposed on an electronic auction platform, another memorandum-mandated “prior action” that awaits implementation. Other measures aim at increasing transparency in political party funding.

One particularly “painful” measure that leftist SYRIZA MPs will be called on to ratify abolishes a written commitment stipulating a timeframe for restoring collective bargaining in the country.

Another noteworthy measure allows the Greek government to determine the level of a decrease in the tax-free threshold for wage-earners, pensioners and professional farmers if the measure must be implemented a year sooner than originally forecast, in Jan. 1, 2019 instead of Jan. 1, 2020.

The increasingly embattled Tsipras government is trying to “tie up all loose ends” before a June 15 Eurogroup meeting in order to conclude the review and free up a tranche of bailout loans.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares38 views
GREECE
shares38 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares51 views
FINANCE
shares51 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares43 views
FINANCE
shares43 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.