Greek crisis: MPs pass fresh bailout reform terms

23rd July 2015


Greece is edging nearer to receiving a bailout package as its parliament has agreed to a second suite of reforms.

The acceptance of the new terms means that talks in regards to an €86bn European Union rescue can start.

BBC News reports that the fresh measures consist of a revamp of the Greek banking and judiciary systems.

As the bill was poured over by Greek politicians, crowds demonstrated outside of parliament. The protests at one point turned violent as petrol bombs were thrown at police.

Despite concerns over whether or not MPs would back the new package Greek Prime Minister Alexis Tsipras was able to drum up the support he required. The terms gained 230 votes in favour, 63 against and five abstentions.

There were 31 rebels in Tsipras’s Syriza party. Former Greek Finance Minister Yanis Varoufakis, who had previously been against the terms voted in their favour.

Speaking before the vote, Mr Tsipras urged he was not happy with the terms Greece’s creditors had asked for. According to the report, he told MPs: “We chose a difficult compromise to avert the most extreme plans by the most extreme circles in Europe.”

Bosses of the European institutions that would provide the rescue package are due to meet on Friday to start talks.

Leave a Reply

Your email address will not be published. Required fields are marked *