Greek parliament passes reforms agreed with EU/IMF lenders

Reuters News
Posted: May 18, 2017 5:07 PM

ATHENS (Reuters) - Greek lawmakers approved pension cuts, tax hikes and reforms on Thursday sought by the country's foreign creditors to conclude a crucial bailout review and unlock more rescue funds.

The leftist-led government hopes that legislating the measures, four days before euro zone finance ministers meet in Brussels, will convince its lenders that it qualifies for a 7.5 billion euro bailout tranche and for further debt relief.

Earlier, protesters rallied outside parliament holding banners reading "No to bailouts! No to austerity!". Sporadic clashes with small groups broke out and police used teargas to disperse them. Athens needs the aid to repay loans maturing in July.

(Reporting By Renee Maltezou and Lefteris Papadimas)