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
- 1913: The Florence Protocol was signed drawing the border between Greece and Albania. Northern Epirus was awarded to the newly-created Albanian state.
- 1989: Polish forward Krzysztof Warzycha played his first game in a Panathinaikos jersey against AEK
- 1997: A Russian-built Yakovlev 42, (Ukraine's Aerosweet) destined for Thessaloniki, Macedonia Airport, crashed on Pieria mountains after losing its orientation and contact with ground control. All 70 people on board died.
- 2003: The trial of the Revolutionary Organisation 17 November was completed as sentences were pronounced against the guilty.
- Births: Katina Paxinou, actress (1900), Sotiris Kaiafas, Cypriot footballer (1949), Kostas Gatsioudis, javelin thrower (1973)