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: The Holocaust of Kalavryta took place as German soldiers executed 1,101 villagers.
- 1959: Archbishop Makarios III was elected first President of the Republic of Cyprus, receiving 66.29% of the vote against 32.92% of Ioannis Clerides
- 1967: King Constantine II fled Greece as his attempted counter-coup against the Junta failed.
- Births: Panagiotis Kanellopoulos, politician, Prime Minister (1902)
- Deaths: Georgios Iakovidis, painter (1932); Mentis Bostantzoglou (known as Bost), cartoonist, satirist and playwright (1995)