Greek Parliament Approves New Bailout Plan
The Greek Parliament has approved the new bailout proposal by Prime Minister Alexis Tsipras’ government, putting pressure on Eurozone creditors ahead of their summit Sunday on Greece’s fate. The reform proposals were more in line with creditors’ demands, as they included serious pension cuts and tax raises, somewhat defying the public’s recent referendum “No” vote. The Parliament vote was decisive – 251 out of 300 members voted for it – but it may have come at a price for Tsipras. More than a dozen of his party’s members were against it, which, analysts say, may force him to resign.