Greece on strike as new tax, pensions bill is discussed in parliament

Reuters —  Greeks to start a 48-hour nationwide walkout on Friday in anger at the government’s tax and pension reforms pursued under  the terms of a multi-billion euro bailout it signed up to last year.

The strike called by the country’s largest private and public sector unions, will disrupt public transport, see journalists go on strike and government offices closed.

Ship and ferry sailings will also been cancelled because of the strike called by the Panhellenic Seaman’s Federation (PNO) that begins Friday at 6 a.m. 

Greece’s largest labour union, private sector union GSEE, said the reforms were the “last nail on the coffin” for workers and pensioners who have sacrificed enough after six years of austerity.

“They are trying to prove to the Eurogroup that they are good students but they are destroying Greece’s social security system,” a GSEE official said, referring to a meeting ofeuro zone finance ministers scheduled for Monday.

Athens hopes the measures, now being debated by lawmakers who are expected to put them to a vote on May 8, will help persuade creditors to approve the release of bailout cash.

A tranche of about 5 billion euros (£3.94 billion) is outstanding after talks faltered over the pace of reforms.

Prime Minister Alexis Tsipras, elected last year on an initial anti-austerity pledge but later forced to sign up to a third international bailout since 2010, has a thin majority with 153 lawmakers in a 300-seat parliament.

Greece needs the bailout funds to pay IMF loans, ECB bonds maturing in July and growing state arrears, subject to lenders signing off on a review in its reform progress that includes changes to its tax and pension laws.

The proposed legislation would raise social security contributions, increase income tax and introduce a national pension