Thursday, June 14, 2018

Greek parliament approves bailout reform package, moves to no confidence debate

by Kerin Hope

Financial Times

June 14, 2018

Greek lawmakers have approved a wide-ranging package of economic reforms, clearing the way for euro-area finance ministers to finalise the terms of the country’s planned exit in August from its current bailout programme.

With the legislation in place, the leftwing Syriza government expects the EU ministers to agree on a medium-term debt relief plan at a meeting in Brussels on June 21. They would also unlock a final €12bn tranche of bailout aid for Greece.

As soon as the vote was completed, however, the conservative opposition New Democracy party filed a motion of no-confidence in the leftwing Syriza-led government on a separate issue: the agreement announced on Tuesday on a new name — North Macedonia — for Greece’s northern neighbour.


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