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Greek parliament approves reforms in exchange for aid, debt relief – Reuters UK

ATHENS Greek lawmakers approved tax increases and a new privatization fund on Sunday and freed up the sale of non-performing loans in exchange for much-needed bailout loans and debt relief.

Athens hopes the measures, two days before a key euro zone finance ministers meeting, will help it unlock the funds it needs to pay IMF loans, ECB bonds maturing in July and increasing state arrears.

“Greeks have already paid a lot, but this is probably the first time that the possibility of these sacrifices being the last is so evident,” Prime Minister Alexis Tsipras told lawmakers before a vote in parliament.

His left-led coalition, re-elected in September on pledges to implement the terms of a 86-billion euro bailout it signed up to in July, h…

Read the full article at: http://uk.reuters.com/article/us-eurozone-greece-reforms-legislation-idUKKCN0YD0TI

Category: Debt HelpBy Insolvency GuardianMay 22, 2016

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Greek parliament approves reforms in exchange for aid, debt relief – Reuters UK

ATHENS Greek lawmakers approved tax increases and a new privatization fund on Sunday and freed up the sale of non-performing loans in exchange for much-needed bailout loans and debt relief.

Athens hopes the measures, two days before a key euro zone finance ministers meeting, will help it unlock the funds it needs to pay IMF loans, ECB bonds maturing in July and increasing state arrears.

“Greeks have already paid a lot, but this is probably the first time that the possibility of these sacrifices being the last is so evident,” Prime Minister Alexis Tsipras told lawmakers before a vote in parliament.

His left-led coalition, re-elected in September on pledges to implement the terms of a 86-billion euro bailout it signed up to in July, h…

Read the full article at: http://uk.reuters.com/article/eurozone-greece-reforms-legislation-idUKKCN0YD0UF

Category: Debt HelpBy Insolvency GuardianMay 22, 2016

Post navigation

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