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Friday, August 14, 2015

Greek MPs back €85bn bailout after marathon talks

The deal requires tax rises and more tough spending cuts in return for an EU bailout of about €85bn (£61bn, $95bn) - Greece's third in five years.
Demonstrators shout slogans in front of the Greek parliament in Athens , during a demonstration against the third bailout agreement on August 13, 2015

Eurozone finance ministers will meet to vote on the plan in Brussels later.

A deal is needed to keep Greece in the eurozone and avert bankruptcy. But it is risky for Greek PM Alexis Tsipras.
More than 40 MPs from his left-wing Syriza party voted against him on Friday.

Reports in Greece suggest he will seek a vote of confidence in parliament next week, bringing the prospect of snap elections closer.
The deal received:
  • 222 votes for
  • 64 against
  • 11 abstentions
Mr Tsipras has so far relied on the support of pro-European opposition parties to pass the controversial measures. Syriza was elected on an anti-austerity platform.
Makis Voridis, an MP with the opposition New Democracy, said his party would not support the PM in a confidence vote, Reuters news agency reported.

Thirty-one Syriza members voted "No", and 11 abstained - the biggest rebellion within Mr Tsipras's party so far. The rebels represented almost a third of Syriza's MPs.

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