Greek Parliament Approves Pension Cuts and Tax Rises as Protesters Clash with Police

Greek police are thrown molotov cocktails by protesters in Athens

by Agence France-Presse

The Greek parliament adopted a controversial package of pension cuts and tax hikes on Sunday evening despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds.

The unpopular reforms, which saw thousands take to the streets in protest, passed thanks to the Syriza-led coalition government’s slim majority in parliament, according to an AFP count.

As expected the main New Democracy opposition party voted against the bill, which will reduce Greece’s highest pension payouts, merge several pension funds, increase contributions and raise taxes for those on medium and high incomes.

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