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		</div><p>The era of austerity is over for Greece, according to the country&#8217;s prime minister.<br />
Alexis Tsipras painted a positive picture of reforms the country has agreed to take after its latest bailout programme ends in 2018.</p>
<p>Speaking in parliament, Mr Tsipras described the deal reached on Monday as an &#8220;exceptional success&#8221; and said it showed the country&#8217;s creditors accepted Greece&#8217;s insistence that it could no longer bear any further budget austerity.</p>
<p>&#8220;I am fully convinced we achieved an honourable compromise,&#8221; Mr Tsipras said, adding that all sides at the meeting of eurozone finance ministers in Brussels had agreed for the &#8220;first time after seven years&#8230; to leave the path of continued austerity behind us&#8221;.</p>
<p>On Monday, Greece agreed to legislate new reforms to come into effect in 2019, but said these will be fiscally neutral: for every euro&#8217;s worth of new burdens on the Greek taxpayer, an equal amount of relief will be granted.</p>
<p>In return, Greece&#8217;s creditors agreed to send their bailout inspectors back to Athens next week for further talks to complete a long overdue review of progress made in Greece&#8217;s bailout.</p>
<p>Mr Tsipras said both creditor-requested new measures and government-proposed relief measures will be legislated at the same time, and that therefore there was no conditionality for the relief measures.</p>
<p>The prime minister&#8217;s left-led coalition government, trailing in polls, has presented the deal as a decisive, positive step forward for austerity-weary Greeks hammered by seven years of a financial crisis that plunged the country into an economic depression.</p>
<p>No details have been provided of what the new reforms will entail, although there is widespread speculation they will include a broadening of the tax base and further pension and labour reforms.</p>
<p>Finance minister Euclid Tsakalotos left the Brussels meeting without making any statements explaining the deal, and provided no details during a brief appearance in parliament on Thursday.</p>
<p>On Tuesday, government spokesman Dimitris Tzanakopoulos said no specifics could be provided as the reforms were subject to negotiation and agreement with the country&#8217;s creditors.</p>
<p>Greece has depended on three international bailout funds since 2010, when it became locked out of bond markets by sky-high borrowing rates.</p>
<p>In return for the rescue loans, it has had to overhaul its economy, imposing rounds of spending cuts and tax hikes.</p>
<p>The austerity saw the country&#8217;s economy contract by more than a quarter and sent unemployment soaring. The jobless figure now hovers at around 23%, down from a high of 27%.</p>
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