On Monday, the Greek finance minister confirmed following the government council’s meeting on economic policy that the intense talks on technical issues will begin on Tuesday.
Following an emotional debate and early-morning vote, the country’s parliament approved a raft of austerity measures that its worldwide creditors had demanded as a first step before negotiating a final rescue deal.
A final count has revealed the Greek parliament agreed to pass tough austerity reforms in a landslide, in news sure to inflame tensions among protesters.
The Greek parliament approved the measures in a vote, that fractured Mr. Tsipras’s ruling Syriza party, which was elected in January on an anti-austerity platform, only to betray it this week. He suggested, that Greece might be better off, leaving the euro, which would...
The European Central Bank plans to make a decision Thursday on whether to increase the level of so-called emergency liquidity assistance it provides to Greek lenders.
The third bailout for Greece that was agreed upon in the eurozone and euro summit agreements last week in Brussels- and approved by the Greek Parliament, call for €86 billion in new loans for Greece and assumes some of the financing from the worldwide Monetary Fund.
The number of disaffected Syriza MPs, who see the reforms as a betrayal of the anti-austerity platform that brought their left-wing party to power in January, shrunk slightly compared to last week’s similar vote – from 38 to 36.
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.
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.