Greek PM gets backing for bailout; EU, IMF give green light




 
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Greek PM gets backing for bailout; EU, IMF give green light
 
July 11th, 2015  
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Topic: Greek PM gets backing for bailout; EU, IMF give green light


Greek PM gets backing for bailout; EU, IMF give green light
By Angeliki Koutantou and Alastair Macdonald ATHENS/BRUSSELS (Reuters) - Greek Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reform proposals aimed at obtaining a new international bailout, but he faced a rebellion in his own party that could threaten his majority in parliament. The measures, which received an initial green light from the European Union and International Monetary Fund before a crucial meeting of the 19 euro zone finance ministers in Brussels, were passed with the support of pro-European opposition parties. With Greece's banks shut and completely dependent on a credit lifeline from the European Central Bank, the measures were seen as a last chance to avert financial collapse and prevent Greece from being pushed out of the euro.




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