08:16 GMT09 March 2021
Listen Live
    Europe
    Get short URL
    404
    Subscribe

    Greece's new economic reform program is being implemented, Speaker of the Hellenic Parliament Nikolaos Voutsis told Sputnik.

    STRASBOURG (Sputnik) — The program of reforms being implemented in Greece excludes radical austerity measures in order to avoid escalation of tensions inside the country, Speaker of the Hellenic Parliament Nikolaos Voutsis told Sputnik.

    “We are on a good track in terms of reforming our finances. We are applying reforms after discussions and agreements with our partners and creditors, but we are trying to implement reforms that do not have the smell of blood,” Nikolaos Voutsis said on the sidelines of the European Conference of Presidents of Parliament in Strasbourg.

    He added that Athens were holding intense discussions with its creditors to agree on all the aspects of the third memorandum of understanding "because we want these reforms to have a positive social sign."

    "We are against the neoliberal reforms that degenerate the social fabric," he pointed out.

    The Greek economy has been severely strained for several years due to the country’s multibillion-euro debt, accumulated after the 2008 world financial crisis.

    Greece's international creditors signed an agreement with Athens last summer, approving a third bailout package worth about 86 billion euros ($97.3 billion) in exchange for unpopular reforms, including pension cuts and tax hikes.

    Related:

    Russian Gas Pipeline to Europe via Greece Economic Project – Greek PM Adviser
    Greece Waiting for Russia-Turkey Deal on Gas Pipeline – Prime Minister
    Russia’s Gazprom Interested in Coal Mining Project in Greece
    Greece Hopes to Begin EU Talks on South European Pipeline Delivering Russian Gas
    Tags:
    bailout, economy, Athens, Greece
    Community standardsDiscussion