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Greece passes electricity market reform, sets sovereign wealth fund

Posted on 29 September 2016

Greek lawmakers passed reforms sought by the country’s creditors to cut pension spending and expedite privatisations in exchange for financial aid under the country’s latest international bailout.
Signalling the conclusion of a first review of bailout terms, parliament voted to reform the country’s electricity market and transfer state assets into an umbrella sovereign wealth fund. The reforms were passed by a majority vote in the 300-seat parliament by members of Prime Minister Alexis Tsipras’ leftist-led government………………………………………Full Article: Source


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