NEWS

FinMin says austerity package will go to Parliament next week

Greek Finance Minister Yannis Stournaras said that an austerity package that will determine whether Greece receives a 31.5-billion-euro tranche of bailout funding from its international creditors will go before Parliament for ratification next week.

Speaking after a meeting with Prime Minister Antonis Samaras, Stournaras refuted rumors that labor reforms will be included in a separate bill to other fiscal and structural measures, saying «everything will go together [to Parliament] next week; there is no other way I think.”

Meanwhile, speaking at a meeting with PASOK’s parliamentary committee, coalition partner Evangelos Venizelos urged the members of his party to approve the package.

“The package will be judged in its entirety and must be approved and implemented so that the climate can turn around, the tranche can be disbursed, the markets can have a positive reaction and we see some light.”

The government’s third coalition partner, Democratic Left, was also meeting on Tuesday to discuss its stance toward the fiscal adjustment program and whether it will continue to insist on blocking reforms that pertain to the labor market.