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Austerity is near an end, Tsipras claims after EU debt deal

GREEK Prime Minister Alexis Tsipras claimed that austerity is “behind us” yesterday, following an agreement with eurozone finance ministers which includes further unspecified “adjustments.”

Addressing parliament, the Syriza leader, who came to power on an anti-austerity platform in 2015, spoke glowingly of the deal he reached in Brussels on Monday in return for the latest tranche of the EU bankers’ bailout.

He called the agreement an “exceptional success” and an “honourable compromise,” adding that all sides at the meeting had agreed for the “first time after seven years … to leave the path of continued austerity behind us.”

However, this is not the first time that Mr Tsipras has made such claims after agreeing to impose austerity measures at the behest of Greece’s international creditors.

No details of the latest adjustments have been provided, but there is widespread speculation that they will include a further lowering of the income tax threshold, more cuts to pensions and another attack on workers’ rights.

Mr Tsipras said yesterday that the measures he would legislate for in 2019 would be fiscally neutral.

For every euro the hand of Brussels takes away in pensions cuts or tax increases, the Greek government would give back, he said.

The EU-dictated cuts would be legislated for simultaneously with relief measures — though previous attempts to mitigate the pain led to a suspension of bailout payments.

The Communist Party of Greece (KKE) immediately denounced the Syriza leader.

KKE central committee secretary Dimitris Koutsoumpas said: “The staged soap opera of government propaganda — and today again from the parliamentary rostrum — leave the Greek people coldly indifferent.”

Greeks “bleed daily from the legislative measures of the Tsipras government, paying not one but too many euros on top of the continuing loss of income,” he said.

Communist labour federation Pame vowed on Thursday to take more industrial action, with a paralysing public transport strike already under way in Athens.

Pame leader Nikos Mavrokefalos urged union delegates at a conference in the capital to organise and escalate the struggle in all industries in a “massive militant strike response to the new all-out offensive unleashed in our lives.”

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