Greek FinMin Tsakalotos: Measures Agreed With Lenders Will be Legislated in Coming Weeks

Following a meeting with eurozone finance ministers in Malta on Friday, Greek Finance minister Euclid Tsakalotos said that the country will be legislating the fiscal measures agreed on with its international creditors in the weeks to come, as reported by ekathimerini.

Greece is expected to legislate tax reduction — to be a set in motion if agreed targets are met — pensions cuts and lowering the income tax-free threshold. The country will not be forced liberalize collective dismissals, while collective bargaining will be reestablished as of September 2018.

“The austerity measures will be legislated now, in the coming weeks and the positive (offsetting measures) will be adopted now and activated if we meet our targets,” Tsakalotos said during a press briefing in Malta.


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