Greece΄s parliament approved legislation implementing Europe΄s enhanced temporary bailout fund in a preliminary vote Wednesday.
The legislation was approved in principle by a vote of 183 for and 38 against. Only 221 lawmakers out of 300 in parliament cast a vote.
The law implements new powers given to the European Financial Stability Facility by European leaders at a July 21 summit. These include an expansion in the effective lending power of the fund and the ability to intervene in government bond markets among other things.
A final vote on the legislation is expected Thursday. It is expected to pass parliament with support from the two major Greek parties.
(source: Dow Jones)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
