Greek parliament backs €85bn bailout deal

Greece’s parliament has backed draft terms for a third bailout in five years after talks that lasted through the night and well into the morning.

The proposed deal involves tax rises and spending cuts in return for a bailout of about €85bn (£61bn, $95bn).

Prime Minister Alexis Tsipras also survived a significant rebellion within his own Syriza party, the BBC reports.

Reports in Greece say he will ask for a confidence vote before parliament in the next week.

Makis Voridis, an MP with the opposition New Democracy, said his party – which backed the bailout deal – would not support Mr. Tsipras in a confidence vote, Reuters says.

The bailout deal received:

222 votes for

64 against

11 abstentions

But there were 31 “No” votes from Syriza members, and 11 abstentions – the biggest rebellion within Mr. Tsipras’ party so far. The rebels represented almost a third of all Syriza’s MPs.

The terms of the bailout will be discussed by eurozone finance ministers later on Friday.

 

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