Greeks strike as new reforms loom on tax and pensions

Leader Alexis Tsipras appeals to politicians to approve the overhaul as part of bailout

The 48-hour nationwide general strike on May 6th in Athens, Greece against pension reforms that are part of Greece’s third international bailout. Photograph: Milos Bicanski/Getty Images
The 48-hour nationwide general strike on May 6th in Athens, Greece against pension reforms that are part of Greece’s third international bailout. Photograph: Milos Bicanski/Getty Images

Greeks went on a 48-hour nationwide strike yesterday to protest against tax and pension reforms, as prime minister Alexis Tsipras appealed to fractious politicians to approve the overhaul as part of a multibillion-euro bailout.

Lowering its annual pension bill, one of the most expensive in the euro zone, is a condition for Greece to qualify for a fresh instalment of the latest international bailout, worth up to €86 billion, agreed a year ago with its EU partners.

Mr Tsipras, who is clinging to a slim majority of three seats in the 300- member assembly, appealed to members of his Syriza party to approve the package. Whether Greece signed up to a bailout or not, he said, reform of pensions was still needed.

“It was a necessity born from the need to make it viable. Without this intervention, the pensions system would collapse,” Mr Tsipras said.

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In the meantime, the head of the International Monetary Fund, Christine Lagarde, urged euro zone finance ministers to start talks on Greek debt relief, together with discussions on reforms, according to a letter published by the Financial Times.

Tsipras has called for debt relief to help Greece as it introduces the reforms. – Reuters