Greece’s parliament on Tuesday voted to scrap plans to cut state pensions, in a motion led by the left-led governing coalition hoping to shore up its flagging support ahead of a general election next year.
Athens agreed two years ago to cut pensions in 2019, in an attempt to placate lenders and get the International Monetary Fund (IMF) to back a third financial bailout the country clinched with its euro zone partners in 2015.
Eventually the bailout, worth up to 86 billion euros, expired in August without IMF assistance, and Athens has said better-than-expected public finances enable it to rescind the planned cutbacks.
The European Commission has approved the government’s decision.
“The time has come for people to be rewarded for their sacrifices,” Prime Minister Alexis Tsipras told lawmakers ahead of the vote, calling the step a “necessary breath for the people of labor … who saw their pensions and their dignity hurt.”
On This Day
- 1943: German occupation forces executed 133 persons at Drakia, Thessaly.
- 1956: Evagoras Pallikaridis was arrested in Cyprus by the British.
- 1974: Greece broke a 40 year-old tradition by defeating Bulgaria 2-1 at Karaiskaki Stadium (Sarafis, Antoniadis)
- Births: Eleni Vlachos, newspaper publisher (1911), Mario Frangoulis, tenor opera singer (1966)
- Deaths: Vasilis Michailidis, Cypriot poet (1917)