- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Greek Parliament Passes Reforms to Unlock Next $3.2 Bln Bailout Tranche

CC0 / Pixabay / Financial crisis in Greece
Financial crisis in Greece - Sputnik International
Subscribe
The Greek parliament has approved a reform bill needed for the indebted country to unlock the next 2.8-billion euro ($3.1 billion) bailout installment from its international creditors.

ATHENS (Sputnik) — In late Tuesday's vote, a total of 152 members of parliament supported the bill, surpassing the minimum 151 mark, while 141 opposed.

Apache Helicopter Firing Rockets - Sputnik International
'Complex Combat Arena': Israeli Choppers Complete Exercises in Greece
The ruling left-wing Syriza and their coalition partner, the Independent Greeks party, unanimously supported the bill, while all opposition parties voted against.

The bill stipulates a number of social welfare cuts and privatizations demanded by EU and International Monetary Fund (IMF) creditors. Major state-owned companies, including the Public Power Corporation, the Athens and Thessaloniki Water Supply and Sewerage Companies, the Athens underground and the ELVO vehicle manufacturer, can now be passed to the fund that manages the sale of Greece's public assets.

The sale of water companies may be obstructed by a recent court ruling against the sale of public water works, as Tuesday's vote provided for observing constitutional limitations and court rulings.

The bill, designated as urgent, will proceed for an evaluation by a Eurogroup working group, which will then present its recommendations to EU finance ministers.

Tu-214OS aircraft constructed in the network of The Treaty on Open Skies pictured on the territory of Kazan Gorbunov Aircraft Production Association that produces military and civil aircrafts. - Sputnik International
Russia to Conduct Observation Flights Over Greece, US
The Greek economy has been severely strained for several years due to the country’s multibillion-euro debt, accumulated after the 2008 world financial crisis.

Under two previous bailout programs, Greece received around $270 billion from the IMF, the European Central Bank (ECB) and eurozone nations.

In 2015, Greece's international creditors signed an agreement with Athens, approving a third bailout package worth about 86 billion euros ($96.4 billion at the current exchange rates) in exchange for unpopular reforms.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала