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Tough Greek reforms face parliament

Friday, July 10, 2015 - 01:55

The Greek parliament will vote on whether to throw its weight behind new tough new proposals, as the government tries to convince creditors it's serious about reaching a deal. Ivor Bennett reports on how everyday Greeks are reacting to developments.

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New proposals, but there's nothing new about this. Pensioners have been queuing at Greece's banks every day for the last 12. Patience is wearing thin. (SOUNDBITE) (Greek) PENSIONER, KOSTAS, 62 SAYING: "With closed banks, what do you expect? Can things be okay? No, they can't. We have ended up in queues just to get 50 euros. Shame on them. Shame on them." (SOUNDBITE) (Greek) PENSIONER IRINI SKORDARA, 79 SAYING: "The new measures are suffocating. Better we live poor than to plunge into chaos." It seems Alexis Tsipras has come to the same conclusion. Despite successfully campaigning to reject the bailout terms in last week's referendum, the Greek Prime Minister has submitted a new package and, if anything, it's even stricter. But if it was up to the people last week, it's now up to the politicians. And the signs from within the cabinet are positive. Interior Minister Nikos Voutsis. (SOUNDBITE) (Greek) INTERIOR MINISTER, NIKOS VOUTSIS, SAYING: "We are optimistic. We are optimistic for a very good agreement. We are optimistic." Parliament though is very different prospect. Dissent in particular coming from the left over concessions like pension cuts and tax hikes. And crucially, creditors may take some convincing, says CMC Markets' Jasper Lawler. SOUNDBITE (English) JASPER LAWLER, MARKET ANALYST, CMC MARKETS, SAYING: "There's understandable scepticism in Germany where tax collection rates are up in the 99 percent type region that Greece may just not be able to fulfill a lot of these objectives here and maybe just a feeling that Greece is trying to sneak something through the backdoor because they're aware of the fact that their banks are quickly running out of cash." The ticking clock is not lost on the Greek press. One headline reading: 'dangerous games to the end'. Another: 'negotiations in quicksand'. Euro zone finance ministers will discuss the proposals on Saturday, before EU leaders meet on Sunday. And from that, surely, a final decision on whether Greece sinks or swims.

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Tough Greek reforms face parliament

Friday, July 10, 2015 - 01:55