Greek Prime Minister faces Euro zone deal battle
Alexis Tsipras, the Greek Prime Minister faces the deal battle offered by the Euro zone leaders to win the support from the coalition partners for the third bailout. It is reported that four parts of the legislation must be passed within Wednesday which includes VAT and pension reforms. But to this, Panos Kammenos, the defense minister has shown his disregard. In case if the deal faces this time, then the Greek banks could collapse and the country will face the exit from Euro zone. The victory of the bailout means passing all the agreed reforms including the raising tax revenue and liberalizing the labor market. By Tuesday morning the finance ministers from all the 25 EU countries are scheduled to have a meeting in Brussels where they will discuss the situation of Greece. The Greeks banks are being closed for two weeks with the withdrawals at the cash machines limited to 60 euro per day and are reported to remain close until after Wednesday.
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