| 18 April 2024, Thursday |

Greek parliament gives backing to new government’s four-year plan

The new government of Greek Prime Minister Kyriakos Mitsotakis won a key vote in parliament on Saturday after vowing to restore the country’s credit rating, generate employment, improve wages, and cut taxes.

Mitsotakis, 55, has unveiled a 9 billion euro ($10 billion) proposal that includes one-time pension payments, salary increases for the public sector, and a 1,000 euro hike in the tax-exemption threshold for families with children beginning next year.

Mitsotakis won 158 sets in the 300-seat parliament in a June 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.

  • Reuters