The Greek parliament approved new austerity measures

premier-ministre-alexis-tsipras-affronterGreek Prime Minister Alexis Tsipras, without mend the unity of his majority, passed in the night from Wednesday to Thursday a second part of measures demanded by creditors that go well with Athens to finalize a third financial assistance plan.

The Chief Executive has limited its losses during this second emergency vote within a week. The reform of civil justice and the implementation of a European directive on banks were adopted by 230 MPs – out of 298 present – while 63 voted against and five abstained.

A total of 36 members of Syriza, the radical left party he leads, have been lacking in voting against (31) or failing (5). The defections were totaled 39 last week, including 32 no.

This is the tilting of the always unpredictable Yanis Varoufakis, former Minister of Finance, not spent last Wednesday – on increases in taxes and contributions – to a yes this time, which is at the origin of this slight difference.

Alexis Tsipras does remains a prime minister without a parliamentary majority (Syriza and its sovereigntist right partner ANEL total 162 seats out of 300), who again had to rely on the votes of the opposition to pass these measures.

Their ratification was a prerequisite of the Europeans and the IMF to negotiate the terms of the third plan of aid to Greece about 80 billion euros, the principle has been officially recorded in pain on 13 July.

Representatives of the country’s creditors are expected in Athens in the coming days to sift through the Greek economy and adapt to the new aid. The European Commissioner for Economic Affairs, Pierre Moscovici, said on Wednesday that Brussels wanted to lead by “the second half of August.”

Greece, whose coffers are empty, must pay 3.19 billion euros to the European Central Bank (ECB) on August 20, before 1.5 billion to the IMF in September.

Resigned, Alexis Tsipras had called his troops, during a debate of more than five hours that ended at 4:00 local, to “adapt to new realities” and vote this second action pane.

He however expressed his determination to do everything to improve the terms of the Agreement and excluded “to voluntarily give up” the government where the presence of the left is “a stronghold to defend the interests of the people.”

But “the government does not hear the people” had come to say in the early evening, among 6,000 demonstrators gathered outside the parliament, Katerina and George Sergidou Kokkinavis, two thirty members of the most common left Syriza party, like Internal Challenges faced by the Prime Minister.

“Net Fracture”

Alexis Tsipras has raised its voice against the slingers. Six months after coming to power, he ruled out the government ministers who refused to accept austerity measures that run counter to all the promises made by Syriza.

The government’s spokesman had acknowledged before the vote that if the division remained the radical left party “two strategies, two views (…) it may be impossible to go on.”

Olga Gerovasili hit hard at the end of the debate, noting that the “fracture in the parliamentary majority is clear,” creating a “political problem”. “The procedures will be implemented” to cope, she added mysteriously.

Alexis Tsipras will meet Thursday lunch with the President of Parliament, Konstantopoulou Zoe, one of the most virulent contemptrices of the agreement.

“The divide” within Syriza is there, also said one of the relatives of Tsipras, the Minister Nikos Pappas, after the vote, suggesting that decisions would be made after the establishment of the agreement.

Fort great popularity in the polls, Alexis Tsipras will be forced to decide the face of slingers, analysts believe, relying on holding early parliamentary despite an economic environment more fragile.

Greek banks, which reopened Monday after three weeks of closing, will need a recapitalization which is expected by the end of the year, said Wednesday the Greek Finance Minister Tsakalotos Euclid. Withdrawals and transfers to abroad are subject to strict capital control measures, in force since late June.

The European Central Bank (ECB) raised Wednesday emergency lending ceiling (ELA) granted to Greek banks, their last source of funding reactivated after the agreement of 13 July. Monday, with 7.16 billion euros in emergency unlocked by the EU, Greece has resulted in an outstanding International Monetary Fund (IMF) and paid the ECB, for a total of 6.7 billion euros.

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