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by Maria Spiliopoulou


ATHENS, May 9 (Xinhua) -- Greece's government has shifted its focus to debt relief following the approval of a controversial pension and tax system reforms bill by the Greek assembly early Monday, as trade unions warned of further strike actions against the new pension cuts and tax hikes.


On the heels of the parliamentary vote, Finance Minister Euclid Tsakalotos arrived in Brussels for the critical Eurogroup meeting on Monday where the agenda was to review the Greek debt program for first time since the third bailout agreement reached in July 2015.


Although no spectacular results were expected from Monday's talks, the Greek left-led government hailed the start of dialogue on debt relief as a significant step on the way to restoring stability and growth in the debt-laden country.


""We have before us an important opportunity for the country to break this vicious circle, to enter the virtuous cycle, and for Europe (an opportunity) to show the necessary courage and bravery to close a deep wound and finally reach the exit from the crisis not only for Greece, but for the whole of Europe,"" Prime Minister Alexis Tsipras stressed during a televised speech on Sunday night.


Addressing parliament, the Greek premier defended the unpopular bill, which has triggered a wave of strikes and protests over the past six months.


""The plan we are voting on today seeks to create a system that, on the one hand, will be sustainable and guarantee pensions of all Greeks and, on the other hand, will have social justice as basic principle in the current adverse economic conditions,"" he stated, reassuring that the rich and not the poor would be affected.


However, opposition parties, trade unions and the tens of thousands of protesters who were chanting slogans against the reforms on Sunday have still yet to be convinced the 5.4-billion-euro's worth (6.2 billion U.S. dollars) of budget savings by 2018 will give recession-hit households and enterprises some much-needed breathing space.


Yorgos Mitsis, president of the Greek Federation of Court clerks, was among protesters outside the parliament on Sunday as members of parliament (MPs) were debating the bill on Monday which introduces new reductions on pensions, merges social security funds to save costs, increases contributions, raises income taxes for medium and high earners, and lowers tax-free thresholds.


""I have been working for 31 years, I have been paying contributions to funds for 31 years, but I do not expect to receive any pension in return,"" he told Xinhua, saying he would keep protesting. Cheap Soccer Jerseys Wholesale Cheap Hockey Jerseys From China Cheap NFL Jerseys China Cheap Jerseys From China Cheap Jerseys Cheap Jerseys China Cheap NFL Jerseys Shop Cheap Jerseys China Cheap Football Jerseys Wholesale Jerseys
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