Worthy Christian News » World News » Greece approves fresh reforms, clearing way for new bailout talks


Greece approves fresh reforms, clearing way for new bailout talks

Wednesday, July 22, 2015 | Tag Cloud

Greek Prime Minister Alexis Tsipras in Moscow.

(Worthy News) - Greece's radical left-led government emerged bloodied but alive early Thursday from a key vote in parliament, which overwhelmingly approved new creditor-demanded reforms despite a revolt among hardliners in the main coalition partner.

The reforms to the judiciary and banking systems were the final hurdle the financially-battered country was obliged to clear before it can start talks with its creditors on a third bailout worth around 85 billion euros ($93 billion).

Without the money Greece would face financial ruin and forced exit from the euro currency club. [ Source ]

Did Putin Sell Out Greece?

The Greek newspaper To Vima reported earlier this week that Tsipras had asked Putin for a $10 billion loan so that Greece could transition back to the drachma. If it reintroduced the national currency, it would need foreign reserves to back it up, and Greece was out of euros. According to the report, Russia floated the idea of a $5 billion advance on the construction of a gas pipeline through Greece, a branch of the Turkish Stream project that Russia and Greece agreed to build in June.

To Vima is a reputable newspaper with good political sources, so 17 legislators from the opposition New Democracy party have officially asked Tsipras whether the report was true. The prime minister probably will deny it, as the Kremlin did Wednesday. Putin's press secretary, Dmitri Peskov, told the news agency Interfax that "the Greek leadership never asked Russia for help." Still, if the report were true, it would tie up a few loose ends. [ Source ]

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Worthy Christian News » World News » Greece approves fresh reforms, clearing way for new bailout talks

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Worthy Christian News » World News » Greece approves fresh reforms, clearing way for new bailout talks