Greek MPs pass Crucial Reforms
Greece has passed crucial step towards a bailout after its parliament went through a crucial second set of reforms. It is reported that now the negotiations on an 86 billion euro European Union bailout can begin. The measures in the reforms stated are changes to the Greek banking system and an overhaul of the judiciary system. While the bill was being debated in the parliament, thousands of people were protesting outside which turned violent throwing petrol bombs. Alexis Tsipras, the Greek Prime Minister was able to give his support that was needed in the passing of the bill. The bill received a total of 230 votes which were in favor and 63 votes were against it with five abstentions. The majority in 63 votes who voted against were the members from the Syriza party. Yanis Varoufakis, the former Greek Finance Minister was one among the rebels in the first vote. It was reported that the next deadline given to Greece is on 20 August where it must pay 3.2 billion euro to the ECB which will be followed by a payment of 1.5 billion euro to the IMF to be paid by September.
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