Greek parliament approves multi-bill of reform

Source:Xinhua Published: 2014-8-7 8:47:24

Greek parliament approved on Wednesday a multi bill containing the latest set of prior actions required by international creditors in exchange of the disbursement of further aid to the country.

With the support of the conservatives and socialists legislators of the ruling coalition, the parliament ratified the draft law which contained more than 200 articles.

The 232-page bill included provisions ranging from the suspension of tax registration numbers of individuals or companies who are found guilty of tax dodging, the merging of social insurance funds and the evaluation of civil servants to provisions for the delineation of Greece's coastline.

These were some of the most contentious aspects of the omnibus bill which raised reactions by labor unions and opposition parties.

Ahead of the vote, police, fire brigade and Coast Guard officers protested that the planned mergers of their pension funds lead to a reduction of the lump sums they collect upon retirement by half, a blow which comes on top of previous reductions of their income due to austerity measures imposed since 2010 to deal with the debt crisis.

The government argued that the cost saving mergers were necessary to support the sustainability of debt ridden funds.

The umbrella trade union of public sector employees ADEDY protested provisions regarding evaluations of civil servants' work, arguing that they open the way for more mass dismissals in civil services.

The government assured that there will be no further layoffs rather than extra training of employees found to be falling short of expectations.

In regards to the marking out of the Greek coastline, the new law foresees the definition of the coast as stretching to at least 300 meters from the shore, and the review of restrictions on commercial activity by the seaside.

Critics of the bill had protested that the bill eases such restrictions and could prove harmful for the environmental protection.

The ratification of the multi-bill clears the way so that Greece receives in coming weeks another tranche of one billion euros from the multi- billion euro bailout aid granted to the country by European Union and International Monetary Fund since 2010 to exit the crisis.

In return, Greece introduced a tough austerity and reform program which fuelled unemployment and recession, but bears fruits, according to economic indexes and Greek and foreign officials and analysts who expect that the country will return to growth this year.

Posted in: Europe

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