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Greek Lawmakers Approve Terms of Bailout Plan Lawmakers in Greece Approve Austerity Measures Needed for Bailout
(about 1 hour later)
ATHENS — After a marathon session that stretched into the early hours of Thursday, Greek lawmakers narrowly approved a package of harsh austerity measures and economic policy changes that were required by its creditors as the terms of a $94 billion bailout package.ATHENS — After a marathon session that stretched into the early hours of Thursday, Greek lawmakers narrowly approved a package of harsh austerity measures and economic policy changes that were required by its creditors as the terms of a $94 billion bailout package.
In Greece’s through-the-looking-glass politics, the vote was seen as a victory for the country’s prime minister, Alexis Tsipras. He was elected on an anti-austerity platform but strongly urged lawmakers to approve the bailout, even after Greeks voted down a similar deal just over a week ago in a referendum he called for.In Greece’s through-the-looking-glass politics, the vote was seen as a victory for the country’s prime minister, Alexis Tsipras. He was elected on an anti-austerity platform but strongly urged lawmakers to approve the bailout, even after Greeks voted down a similar deal just over a week ago in a referendum he called for.
That left only the International Monetary Fund’s insistence on debt relief for Greece as the last hurdle to the package, which would head off insolvency, the collapse of the banking system and the country’s exit from the euro.That left only the International Monetary Fund’s insistence on debt relief for Greece as the last hurdle to the package, which would head off insolvency, the collapse of the banking system and the country’s exit from the euro.
As lawmakers engaged in a bitter debate throughout the day Wednesday, protesters threw firebombs in the square outside and shouted anti-austerity slogans. But the demonstration, the first since Mr. Tsipras and his Syriza party came to power in January, quieted down rather quickly.As lawmakers engaged in a bitter debate throughout the day Wednesday, protesters threw firebombs in the square outside and shouted anti-austerity slogans. But the demonstration, the first since Mr. Tsipras and his Syriza party came to power in January, quieted down rather quickly.