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FXstreet.com (Barcelona) - The Greek parliament has approved a bill to extend and increase taxes in the embattled nation. Given the recent political maelstrom that has descended on Athens, the ultimate goal is to fulfill the demands from Brussels in order to secure the next tranche of aid, which is most definitely needed to fortify the confidence of foreign lenders, which has wavered recently.

Looking over the specifics of the bill, Greece has approved a package of measures to raise €2.50 billion this year and next. These measures include higher property taxes and corporate income - the application of a tariff specifically targeting capital gains from the sale of shares and the elimination of tax exemptions.

The bill was approved with 163 votes in favor of the 300 total, or a rather narrow 54.3%. Although these increases remain unpopular measures on the domestic front, Finance Minister Yannis Stournaras has considered it absolutely necessary to receive the next tranche of 14.7 billion euros that Greece will receive in March.

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