It also comes after Greece repaid about 2 billion euros to the global Monetary Fund, clearing all its arrears after missing several payments in June and July.
ATHENS, Greece (AP) Prime Minister Alexis Tsipras is widely expected to reshuffle his Cabinet, following a rebellion within his party over a parliament vote to approve painful austerity measures demanded for new bailout talks to start. A large number of Syriza lawmakers are...
The package of measures, which had to be approved to open talks on a new multibillion euro bailout, was passed with 229 votes and 64 against in the 300-seat chamber.
Germany’s finance minister says the Greek Parliament’s approval of an austerity package is “an important step” but is warning that talks on a final bailout deal will be tough – and that an outright debt cut would be incompatible with Greece keeping...
Following an emotional debate and early-morning vote, the country’s parliament approved a raft of austerity measures that its global creditors had demanded as a first step before negotiating a final rescue deal. A total of 64 MPs voted No and six abstained.
The Greek bill was the first step in meeting requirements for negotiations to start on a desperately needed third global bailout for Greece – a three-year 85 billion euros ($93 billion) package – that will prevent it from crashing out of Europe’s common currency.
Dimitris Vitsas was appointed new alternate defence minister, replacing Costas Isichos, another SYRIZA lawmaker who voted against the agreement. But nearly a fifth of Merkel’s conservatives voted “no” in a blow to the chancellor.
Athens shuttered banks and imposed capital controls at the end of last month, bringing the economy to a virtual standstill and forcing Greeks to queue for hours for cash.
The government’s proposal secured an overwhelming 251 votes in Greece’s 300-seat chamber Saturday, even without the backing more than a dozen lawmakers from Tsipras’s Coalition of the Radical Left, or Syriza, party.
The Europeans insisted on the Greek Parliament voting for these tough measures as they say Greece suffers from a huge “trust deficit” and that they need some assurance that the Greeks are honest about implementation.