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Greek Prime Minister Alexis Tsipras speaks to parliament before a vote on a new batch reforms, Athens, Jan. 15, 2018 (AP photo by Petros Giannakouris).

Despite Austerity Protests, Greece Placates Creditors and Enters Final Bailout Stage

Monday, Jan. 29, 2018

On Jan. 15, Greece’s parliament adopted new austerity measures aimed at placating its international lenders, including greater restrictions on the right of workers to strike and cuts on benefits to large families. The measures, which passed despite days of protests and crippling strikes in Athens, pave the way for Greece to enter the final stage of its eight-year economic bailout. In an email interview, Angelos Chryssogelos, a teaching fellow in the department of European and international studies at King’s College London, explains what austerity means for the vast majority of Greeks and the state of the opposition to the Syriza-led government’s economic policies.

WPR: Where do the latest austerity measures fit into Greece’s economic reform program, and what impact have the social and economic reforms had to date? ...

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