Greece readies key draft laws on creditor-mandated reforms

Staff Writer
Columbus CEO

ATHENS, Greece (AP) — Greece's left-led government will present in Parliament "in coming days" key draft legislation on cutbacks that creditors have demanded and that austerity-weary unions have pledged to fight with strikes.

The draft bills on pension and income tax reform are among measures under negotiation between Athens and its bailout creditors — European countries and the International Monetary Fund.

The talks, expected to be resumed this week, were initially meant to have concluded in October. A deal would open the way to negotiations on lessening Greece's crippling debt burden.

Government spokeswoman Olga Gerovassili said Monday that Greece would fully implement its austerity commitments under the third bailout it signed last summer. But she added that the government wasn't prepared to accept additional measures.

Greece has depended on international rescue loans since 2010.