Multi-bill passed into law

A multi-bill of new austerity measures passed into law late on Thursday night with the support of all 153 coalition Mps, paving the way for the release of further bailout loans and talks on debt relief on Monday.

Speaking after the vote, Prime Minister Alexis Tsipras said Greece had met its commitments on reforms and now expected lenders to agree to debt relief.

“We deserve and we expect from Monday’s Eurogroup a decision regulating debt relief which will correspond to the sacrifices of the Greek people.”

In his speech to Parliament, opposition New Democracy party leader Kyriakos Mitsotakis accused the government of orchestrating “the biggest political fraud the country has ever known.”

As politicians argued about austerity, thousands of people protested outside Parliament.
According to police estimates, some 12,000 people took to the streets, about the same as for Wednesday’s general strike. Two people have been detained and one arrested.

Finance Minister Eukleides Tsakalotos pre-announced the lifting of capital controls by the end of the year.

‘With Greece’s economy again officially in recession and discussions underway for a third IMF bailout, it is clear that the IMF’s past efforts to save Greece from insolvency have been unsuccessful and that it needs to learn from those failures,’ said U S House of Representatives Committee of Financial Affairs Chairman Andy Barr .

“The IMF must focus on its core mission, not provide political cover for Eurozone politicians who refuse to take responsibility for Greece’s debt crisis” he added.

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