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German Chancellor Angela Merkel ruled out “a classic haircut” – a markdown of Greece’s debts.

A total of 229 MPs voted in favour, 64 were against, 6 abstained, while one MP was absent, daily Kathimerini informs.

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.

The Greek parliament has approved tough new austerity measures as part of a new bailout deal.

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 first big development Friday was the news that German lawmakers, in the wake of their Austrian counterparts, voted 439-119 in favor of opening detailed discussions on the bailout package.

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.

The new ministers are expected to be sworn in on Saturday.

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.

World economy | The Greek parliament has passed new austerity measures amid violent protests on the streets of Athens.

A final count showed 229 members of parliament out of 300 voted in favour of the measures, which included sweeping changes to Greece’s taxes, pensions and labour rules.

The dissenters’ decision, Tsipras said, forced him to continue governing with a minority government until Greece’s bailout deal is concluded – something expected to take a month or more. “But I believe we will be able to resolve them”.

BRUSSELS (AP) – After grueling, often mad negotiations that tested the limits of European unity, Greece struck a preliminary rescue deal with its creditors Monday that should avert an imminent financial catastrophe but also guarantees years more hardship and sacrifice for...

Seasoned and “successful” politicians and bureaucrats are good at is manipulating our collective perception and Will such that the interpretation of events we adopt is the one they want us to adopt – in others words, we actually behave as though we actually...