Greek parliament gives backing to new government’s four-year plan
Source: Latest News
ATHENS: Greek Prime Minister Kyriakos Mitsotakis’s new government won a key vote in parliament on Saturday (Jul 8) after promising to rebuild the country’s credit rating, create jobs, raise wages and cut taxes.
Mitsotakis, 55, has announced a €9 billion (US$10 billion) program that includes one-off handouts to pensioners, pay rises to the public sector and an increase in the tax-exemption threshold by 1,000 euros for households with children from next year.
Mitsotakis won 158 sets in the 300-seat parliament in a Jun 25 national election, securing a second term and a clear majority to push ahead with his finance plan. Greece emerged from a huge debt crisis five years ago that rocked the euro zone.
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