Several days before the vote, Tsipras’ Syriza party slammed the agreement between Greece and its creditors for new bailout package.

Prior to the vote, Chancellor Angela Merkel warned of “predictable chaos” if the Bundestag did not back the plan.

The vote was necessary to gain bailout cash, the country’s only hope for staying in the euro and reopening its banks anytime soon.


ATHENS, July 16 (Xinhua) – Greek parliamentarians on Thursday approved a bill with an overwhelming majority to give the go-ahead to the debt deal the government reached Monday with global creditors.

Energy Minister Panagiotis Lafazanis and two deputy ministers were removed from their posts, but the main economic portfolios were unchanged, with Euclid Tsakalotos remaining finance minister and George Stathakis economy minister.

He said the deal was a bad one, but the best possible he could get.

“We know that there is a borrowing concept that’s been elaborated, and it’s on its way to being approved”, he said.

Greek Prime Minister Alexis Tsipras won the backing of parliament in the early hours of yesterday morning for the stringent reform measures demanded by Greece’s creditors, led by Germany, but was left weakened by a revolt in his left-wing SYRIZA party.

Well. the debate headed over to the German Parliament on Friday as lawmakers decided on a crucial vote in favor of negotiations for a third bailout package for Greece.

The European Central Bank has also agreed to release 900 million euros in emergency credit next week to the stricken Greek banking sector.

In the capital, Greeks – most of whom voted against austerity measures very similar to those demanded in the new bailout in a referendum on July 5 – took to the streets to voice their anger at the government.

Greece’s parliament voted 229-64 early Thursday to implement more austerity measures that include pension cuts and sweeping sales tax hikes.

“If we don’t have the courage to end it – Greece won’t make it in the euro zone – there will be a fourth and a fifth bailout for Greece“, said conservative Euroskeptic Klaus-Peter Willsch, reflecting growing popular resentment of Greece among Germans.

This money would be raised over more than the three years of the bail-out Greece signed up to last weekend, Mr Dijsselbloem said.

European governments are meanwhile divided over options to help Greece meet its short-term cash needs while it waits for the Eurozone bailout deal to be finalized, which will likely take at least four weeks.

But Sweden’s Social Democrat Finance Minister Magdalena Andersson insisted on Friday that she had received assurances Sweden would not be forced to foot the bill, saying: “we are not risking Swedish taxpayers’ money so we are able to agree to the loan“.