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.
Prime Minister Alexis Tsipras managed to push through a series of unpopular reforms demanded by the country’s worldwide creditors, while on the streets of Athens anti-austerity protests turned raging as protesters threw firebombs at police.
Europe moved to re-open funding to Greece’s stricken economy on Thursday after the parliament in Athens approved a new bailout program in a fractious vote that left the government without a majority.
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.
It also comes after Greece repaid about 2 billion euros to the worldwide Monetary Fund, clearing all its arrears after missing several payments in June and July.