Greece passes tax and pension reforms

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Controversial new pension and tax reforms were passed by Greece's parliament on Monday.

The measures are needed to unlock further international bailout money, to be discussed at a meeting of eurozone finance ministers on Monday. But they are unpopular with Greek anti-austerity campaigners and unions. 

"We have an important opportunity before us for the country to break this vicious cycle, and enter a virtuous cycle," Mr Tsipras told MPs. Monday, he said, "is a very important day. After six years, the Eurogroup will meet to discuss debt relief". The meeting will talk about new debt relief measures with a view to avoiding the prospect of a default in July, when Greece is due make its next major repayment to the International Monetary Fund (IMF) and the European Central Bank. 

The reforms agreed by parliament include:

-Changes would not affect the majority of pensioners and moved towards a "sustainable" system.

-Before the vote, protesters in Athens threw petrol bombs at police, who responded with tear gas.

-Trade unions say the country cannot bear another round of austerity.

From my point of view, since 5 o 6 years ago we’ve been in recession almost around the world. One of the countries that have suffered this crisis the most is Greece.

The Issue is that Greece has to ask for loans and with these loans they only achieve more debts. This is why Tsipras says that they are in a vicious circle.