The government has managed to conclude negotiations with institutions based on the targets agreed last July ,say gov’t sources

The government has managed to conclude negotiations with Greece’s lenders based on the targets agreed last July and is a legislative proposal that is in direct contrast to the deals promoted by the previous ND-PASOK government, government sources said on Thursday, ahead of a vote in parliament on the bills over the weekend.

“The government achieved the conclusion of the negotiations with the institutions on the targets of the agreement signed last July, with a reform that fully secures pensions, protects the weak, distributes tax and social security contribution burdens in a fairer and proportional way and ensures the sustainability of the social security system,” the sources said.

They also added this reform is the opposite of those brought forward by the coalition government of New Democracy and PASOK which took for granted a horizontal cut of pensions, a zero-deficit clause for supplementary pensions, the abolition of the tax-free ceiling and the burdening – once more – of the weaker tax payers who shouldered the huge weight of the economic crisis these past years.