Greek lawmakers approve fresh austerity measures

Screen Shot 2016 09 29 at 1 Fotor


On Tuesday, the Greek parliament approved the fresh austerity measures sought by its international creditors, which include faster privatisation of utility companies.

The bill was backed by 152 lawmakers from the Syriza Independent Greeks coalition, deputy speaker Yorgos Varemenos announced after the debate.

The vote opens way for €2.8 billion in loans, which have been blocked since June as Greece negotiated with the creditors.

MPs approved, among others, the transfer of Athens and Thessaloniki Water and Sewerage companies, or EYDAP and EYATH to the new privatisation fund, along with Attiko Metro and Hellenic Vehicle Industry.

Press reports stated the two pending actions, which are not included in the omnibus-bill and are related to natural gas grid operator DESFA and the Special Duty of Greenhouse Gas Emissions Reduction may not be concluded before the Euro Working Group of September 29, which was expected to give the green light for the disbursement of the 2.8 billion euros in bailout money.

Outside the parliament building in Athens, more than 500 people reportedly protested against the sale of public companies.

The final decision for the release of the money will be determined by the Euro Working Group on October 10.

GCT Team

This article was researched and written by a GCT team member.

1 Comment
  1. I think for the benefit of all Greeks, in the country included will be more beneficiary.
    Steve Garoufalias