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Greece parliament to approve bailout deal despite Syriza rebellion

byCustoms Today Report
16/07/2015
in Uncategorized
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ATHENS: Greece’s Prime Minister Alexis Tsipras has defended the bailout deal struck at a Eurozone summit, saying the agreement saved Greece from exiting the euro and must be implemented even as the Greek parliament is expected to approve the deal thanks to strong support from the opposition.

Greece’s Parliament has to approve many of the tough bailout measures by Wednesday, which include reforming the VAT system, overhauling pensions and signing up to plans that ensure immediate spending cuts in the event of breaching creditor-mandated budget targets.

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Though up to 30 Syriza lawmakers, including two cabinet ministers and the speaker of Parliament, are expected to vote against the deal, Tsipras will rely on support from the opposition to comfortably get over the hurdle the plans needs for approval.

  • Greece’s Parliament has to approve many of the tough bailout measures by Wednesday
  • Up to 30 Syriza lawmakers, including two cabinet ministers and the speaker of Parliament, are expected to vote against the deal
  • Tsipras has defended the bailout deal, saying the agreement saved it from exiting the euro and must be implemented

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