Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

AP/Press Association Images

Greece passes spending cuts and tax hikes in order to unlock billions in bailout funds

EU Economic Affairs Commissioner Pierre Moscovici hailed the deal.

GREEK LAWMAKERS HAVE adopted another batch of controversial spending cuts and tax hikes, two days before a crunch eurozone meeting expected to unlock the next tranche of much-needed bailout funds for the debt-ridden nation.

The 7,000-page bill that raises the sales tax cap and introduces a contingency mechanism to slash spending further in case of budget overruns was passed thanks to the Syriza-led coalition government’s slim majority in the 300-seat parliament, according to an AFP count.

All 153 of the coalition’s MPs voted in favour, while outside the parliament building in Athens more than 10,000 people protested against the unpopular reforms.

Syriza MP Vassiliki Katrivanou, however, voted against several of the bill’s articles and later resigned from the party, citing a “deep political and existential impasse”.

“We (Syriza) implement measures and policies that are against the core of our values and also of our politics but I cannot think of any other trustworthy alternative. That’s why I resign,” she wrote on Facebook, handing her seat back to the party.

Greece Bailout Greece's Prime Minister Alexis Tsipras, bottom, addresses lawmakers during a parliamentary session in Athens. YORGOS KARAHALIS YORGOS KARAHALIS

She had voted for the bill overall but against the articles calling for the contingency mechanism and the creation of a state privatisation fund.

The so-called contingency mechanism, labelled “the cutter” by Greek media and designed to cut spending if the country fails to meet fiscal targets in 2018, is of chief interest to Greece’s international creditors.

“European leaders get the message that Greece is sticking to its promises. Now, it’s their turn,” Greek prime minister Alexis Tsipras said ahead of the vote.

EU Economic Affairs Commissioner Pierre Moscovici hailed the deal.

“A key step has been taken… towards the conclusion of the first stage of the Greek programme.”

Greece urgently needs the next tranche of bailout money to repay big loans to the European Central Bank (ECB) and IMF in July, and has already fallen behind in paying for everyday government duties and public sector wages.

- © AFP, 2016

Read: Iraq is about to go all out to reclaim a major chunk of IS territory

Read: President Higgins makes powerful speech at the first-ever World Humanitarian Summit

Greece’s Prime Minister Alexis Tsipras, bottom, addresses lawmakers during a parliamentary session in Athens

Author
View 56 comments
Close
56 Comments
    Install the app to use these features.
    Mute Young Politician
    Favourite Young Politician
    Report
    Mar 8th 2016, 6:22 PM

    I look forward to it.

    89
    Install the app to use these features.
    Mute Old Gabby Johnson
    Favourite Old Gabby Johnson
    Report
    Mar 8th 2016, 9:34 PM

    Mise eire should be shown also.. A masterpiece solely on irish.

    34
    Install the app to use these features.
    Mute Niall Conneely
    Favourite Niall Conneely
    Report
    Mar 8th 2016, 7:22 PM

    Excellente! I’m old enough to remember it as a young kid. It was a zillion times better than the shite Rebellion

    64
    Install the app to use these features.
    Mute Paddy Ryan
    Favourite Paddy Ryan
    Report
    Mar 8th 2016, 7:31 PM

    Rebellion seriously fell flat. What on earth were RTE thinking..

    46
    Install the app to use these features.
    Mute Martin Byrne
    Favourite Martin Byrne
    Report
    Mar 8th 2016, 11:11 PM

    ……RTE (ministry for propaganda) were trying to take the fight out of us ! by making a wishy washy version of the rising that inspires no one, less we might look at our current rulers and re-run the rising and restore the democracy we once had.

    26
    Install the app to use these features.
    Mute Rob Mills
    Favourite Rob Mills
    Report
    Mar 8th 2016, 6:26 PM

    They should bring back the original quick silver quiz show. It would be priceless.

    46
    Install the app to use these features.
    Mute David Thomas
    Favourite David Thomas
    Report
    Mar 8th 2016, 6:36 PM

    Wanderly wagon too

    32
    Install the app to use these features.
    Mute Paddy Ryan
    Favourite Paddy Ryan
    Report
    Mar 8th 2016, 6:57 PM

    And Forty Coates… Between that Wanderly Wagon and Bosco it’s pretty obvious the creators were out their nut on the mushies.

    28
    See 2 more replies ▾
    Install the app to use these features.
    Mute watersedge
    Favourite watersedge
    Report
    Mar 8th 2016, 7:42 PM

    Aw, loved those shows as a child. Terrified of Whilomena the Whirligig Witch and Sneaky Snake.

    13
    Install the app to use these features.
    Mute release robert
    Favourite release robert
    Report
    Mar 8th 2016, 8:32 PM

    Stop the lights !!!! What about Murphy agus a chairde ????

    21
    Install the app to use these features.
    Mute Pete Slattery
    Favourite Pete Slattery
    Report
    Mar 8th 2016, 7:37 PM

    The TG4 documentary series, 1916 Seachtar na Cásca is with getting hold of. Really well researched and highly informative. It’s better than that nonsense Rebellion. Also, the 1916 documentary RTE just aired was also excellent.

    41
    Install the app to use these features.
    Mute Pete Slattery
    Favourite Pete Slattery
    Report
    Mar 8th 2016, 7:42 PM

    *worth getting hold of.

    10
    Install the app to use these features.
    Mute Eamon Mac Gowan
    Favourite Eamon Mac Gowan
    Report
    Mar 8th 2016, 9:28 PM

    Excellent, way better than crappy “Rebellion”.

    25
    Install the app to use these features.
    Mute Pernambucogypsy
    Favourite Pernambucogypsy
    Report
    Mar 8th 2016, 6:57 PM

    What really is needed is a Blackie Connors spin off or Glenroe Nights.

    24
    Install the app to use these features.
    Mute Oran Joyce
    Favourite Oran Joyce
    Report
    Mar 8th 2016, 7:38 PM

    Better call Blackie.

    17
    Install the app to use these features.
    Mute Pernambucogypsy
    Favourite Pernambucogypsy
    Report
    Mar 8th 2016, 8:01 PM

    Boss

    8
    Install the app to use these features.
    Mute paddy
    Favourite paddy
    Report
    Mar 8th 2016, 7:51 PM

    Its actually very good and theres no one from love hate

    22
    Install the app to use these features.
    Mute Louis Jacob
    Favourite Louis Jacob
    Report
    Mar 8th 2016, 6:48 PM

    Have been watching episodes of the Riordans recently. Once you get past how dated it is, there really are some great scenes in it.

    19
    Install the app to use these features.
    Mute Paddy Ryan
    Favourite Paddy Ryan
    Report
    Mar 8th 2016, 6:54 PM

    And get past Gabriel Byrne in a donkey jacket and wellies.Same with Bracken… If RTE had their way one of our finest actors would still be typecast as a farmer/farm labourer.

    14
    Install the app to use these features.
    Mute Dermot Lane
    Favourite Dermot Lane
    Report
    Mar 8th 2016, 7:03 PM

    As a kid I hated the Riordans, it’s only with hindsight I realise how good it actually could be, and funny at times too.

    11
    See 1 more reply ▾
    Install the app to use these features.
    Mute Martin Byrne
    Favourite Martin Byrne
    Report
    Mar 8th 2016, 11:15 PM

    Bracken was class, The wanderer son returns to face the Rich man that dove his father to his grave. Top Notch

    2
    Install the app to use these features.
    Mute Niall O Neill
    Favourite Niall O Neill
    Report
    Mar 8th 2016, 7:23 PM

    Dàithi Laca

    16
    Install the app to use these features.
    Mute Tony Hartigan
    Favourite Tony Hartigan
    Report
    Mar 8th 2016, 8:44 PM

    Rasher

    11
    Install the app to use these features.
    Mute Stephen Luco
    Favourite Stephen Luco
    Report
    Mar 8th 2016, 6:40 PM

    Everything they Do Is Crap . Should just Scrap the Station

    11
    Install the app to use these features.
    Mute Dave Bruen
    Favourite Dave Bruen
    Report
    Mar 8th 2016, 6:47 PM

    Good to see your degree in definitives is serving a purpose

    31
    Install the app to use these features.
    Mute Dermot Lane
    Favourite Dermot Lane
    Report
    Mar 8th 2016, 7:04 PM

    Have you seen Insurrection Stephen?

    24
    Install the app to use these features.
    Mute The Dublin Cynic
    Favourite The Dublin Cynic
    Report
    Mar 8th 2016, 11:44 PM

    Is it in HD?

    2
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds