The latest package of reforms, which was negotiated between government officials and its creditors, was submitted to parliament yesterday. The latest development is seen as a breakthrough in that creditors will now be conducting only one more inspection before the bailout program ends in August.
Without doubt, the most controversial aspect of the bill is the change to the law regarding strikes by unions. According to the draft, at least half of the paid-up members of first-level unions will have to vote before a strike can be called, significantly more than the current number.
Among other reforms include creation of a new public agency to battle financial crime and corruption as well as changes to certain benefits.
The objective is for the package to be voted into law within the next few days prior to the relevant institutions completing a Compliance Report ahead of an upcoming Eurogroup meeting towards the end of January.