Greece Passes Terms of Bailout as Dissent Inside Syriza Party Grows

Edited by Ivan Martínez
2015-08-14 13:34:40

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Athens, August 14 (RHC)-- The Greek Parliament passed a $95 billion bailout deal around daybreak this morning after a contentious all-night debate. The draft terms of the agreement include harsh austerity measures but does not include any debt relief.

The program passed by a wide margin, but Prime Minister Alexis Tsipras faced a growing rebellion within his own left-leaning Syriza party, which came to power promising to fight against austerity.

Nearly a third of Syriza lawmakers voted against the bill, including former Finance Minister Yanis Varoufakis, who blasted the vote as "humiliating" and "non-viable."

Officials say Tsipras is planning to hold a vote of confidence next week, and some suspect the government could be toppled. One of the dissenting Syriza lawmakers criticized his own party during the debate.

Meanwhile, the terms of Greece’s bailout, which will be the third in five years, are also facing growing criticism from European institutions, who say they have "serious concerns" about Greece’s long-term sustainability. In a new analysis, both the European Commission and the European Central Bank advocate for debt relief measures, which have been opposed by Germany.



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