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Greek parliament approves new pension, tax reforms

Greek parliament approves new pension, tax reforms

Athens: The Greek Parliament approved a package of pension and tax reforms, ahead of a Eurogroup meeting on Monday and after three days of demonstrations against the measures.

The new legislative package, agreed late Sunday, consists of the pension reform and direct and indirect tax reforms, which will allow the government to achieve some 5.4 billion euros (about $6 billion) spending cuts and to ensure savings to meet a 3.5 percent budget surplus target by 2018, EFE news reported.

Prime Minister Alexis Tsipras said the bill aimed for a "sustainable pension system".

He also promised that "for more than two million pensioners, there will not be a single euro cut in their pension."

Demonstrations were held in the capital on Sunday.

About 10,000 people gathered outside parliament in Athens.

There were scuffles with the police, in which five people were arrested.

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