Prime Minister Tsipras grudgingly accepts to legislate another round of pension cuts and lower tax breaks
Athens: Greeces parliament on Thursday was to approve a new round of austerity cuts, hoping to secure a pledge of debt relief and loan payment approval by the countrys EU-IMF creditors this month.
Leftist Prime Minister Alexis Tsipras has a slim majority in parliament sufficient to pass the bill in the vote expected around midnight.
Overall, the bill to be approved entails 4.9 billion (Dh19.9 billion, $5.4 billion) in cuts in 2018-2021.
Tsipras grudgingly accepted to legislate another round of pension cuts and lower tax breaks applicable in 2019 and 2020 respectively to unlock the cash payment ahead of looming debt repayments in July.
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