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GreekReporter.comGreek NewsEconomyGreek Parliament Ratifies Multi-Billion Bailout

Greek Parliament Ratifies Multi-Billion Bailout

The Greek parliament formally ratified early Wednesday a second eurozone bailout scheme worth up to 130 billion euros to save it from defaulting on its national debts.
The text was approved overnight by 213 socialist and conservative parliamentary deputies and opposed by just 79 members from the communist left and far-right.
The result was in little doubt given the large majority which the transitional government of caretaker prime minister Lucas Papademos can command.
The ratification came after Greece received on Tuesday a first payout of 7.5 billion euros under its second international bailout, a finance ministry official said.
(source: AFP)

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