Greek gov’t aims to legislate measures by May 16

Greek gov’t aims to legislate measures by May 16

Greek government spokesman Dimitris Tzanakopoulos has described a deal with lenders on bailout-mandated reforms as “balanced,” adding that the administration aims to legislate the new measures by May 16.

Speaking to journalists Tuesday, Tzanakopoulos said that "positive" counter-measures will be included in a separate article in a multi-bill, allowing opposition parties to vote for them. Conservative New Democracy on Tuesday said it will not back the measures.

Tzanakopoulos added that a global deal on Greece is feasible by May 22, “or a few days later.”

Following months of tough negotiations, the government and creditors agreed that Greece should make another round of pension cuts in 2019 and commit to maintaining a high budget target along with new tax increases after the current bailout program ends next year.

In return, the creditors will pay Greece 2.8 billion euros ($3.1 billion) it needs to avoid defaulting on its loans in July, and start talks on how to ease the country's debt burden.

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