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unhappycamper

(60,364 posts)
Thu Aug 13, 2015, 08:47 AM Aug 2015

(Greece) Gov't defends new bailout program before key vote

http://www.ekathimerini.com/200531/article/ekathimerini/news/govt-defends-new-bailout-program-before-key-vote



Gov't defends new bailout program before key vote
ELENA BECATOROS
15:28

The Greek government defended its new bailout program Thursday as tough but essential to avoid the nation's financial collapse, as it faced a rebellion in the governing Syriza party ahead of a parliamentary vote on the deal.

The draft bill for the three-year rescue package worth about 85 billion euros ($93 billion) in loans includes harsh spending cuts and tax hikes that Prime Minister Alexis Tsipras has said he has no option but to implement.

His radical left Syriza party won elections in January on the promise to repeal similar budget austerity imposed in return for Greece's two previous bailouts.

The bill is expected to pass thanks to votes from opposition parties.
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