On 18 May Greece’s parliament votes on an agreement that was concluded during the Eurogroup in Malta on 07 April. In it Greece signs up to a 2% reduction in expenditure between 2019 and 2020. Similarly by 2020 the country will once again lower pension payments. Greece also intends to reform collective redundancy.
Fresh austerity measures amounting to €4.9 billion are expected to be adopted by the Greek Parliament and applied between 2019 and 2021, when the current program ends. On 17 May in protest at yet another wave of austerity both public and private sector unions had called for a 24-hour general strike.
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