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Economy

Demeter

(85,373 posts)

25. Laws passed, Greece to open bailout talks as recession pushes goals further

Reply to Demeter (Reply #24)

Fri Jul 24, 2015, 06:53 AM

Jul 2015

http://www.reuters.com/article/2015/07/24/us-eurozone-greece-idINKCN0PW0GI20150724

Greece's creditors prepared on Thursday for the start of bailout talks in Athens, after lawmakers adopted a second package of reform measures before dawn despite a left wing rebellion that may bring early elections.

In a sign of how the goal of coming to grips with the country's debt is swiftly sliding even further away, Greece's most influential think tank predicted a sharp drop back into recession.

That adds to the headwinds facing leftwing Prime Minister Alexis Tsipras, who must negotiate a bailout worth up to 86 billion euros with sceptical lenders while struggling to hold his divided Syriza party together.

After another marathon session that ended in the early hours of Thursday, the Greek parliament voted overwhelmingly to approve the second package of reform measures. But 36 Syriza lawmakers rebelled, forcing Tsipras to rely on opposition votes...

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