close
MENU
1 mins to read

Greek MPs overwhelmingly support bailout deal

The vote has splitting the ruling Syriza party and threatens its hold on power.

Nevil Gibson
Thu, 16 Jul 2015

Centrist and conservative MPs in the Greek Parliament helped give a big majority to the third bailout package agreed with eurozone ministers earlier this week.

The vote was carried by 229 votes 32 in the 300-seat Parliament, with the noes coming from within Prime Minister Alexis Tsipras’ left-wing Syriza party,

Among those were former finance chief Yanis Varoufakis.There were six abstentions. 

The measures securing a fresh bailout include steep spending cuts and tax increases, along with radical changes to the Soviet-style Greek economy.

The split in Syrizia is likely to bring a cabinet shake-up – three ministers voted against the bailout package – and it remains a possibility Mr Tsipras will call for a new election just six months after the one that swept him to power.

The vote came hours after the European Commission proposed a fix to Mr Tsipras’ other immediate challenge: how to pay a €4.2 billion ($9 billion) payment due to the European Central Bank on Monday.

To cover that and Greece’s other most pressing bills, the commission called for giving Athens a €7 billion bridge loan from a European Union bailout fund.

Nevil Gibson
Thu, 16 Jul 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Greek MPs overwhelmingly support bailout deal
49611
false