Greek omnibus bill of 13 prior actions voted with 153 in favor
291 lawmakers in Greece sanctioned an omnibus bill of 13 prior actions with 153 voting in favor, 138 voted against.
The new bill gives the right to sell bad business loans from local banks to overseas distress funds as part of a new austerity bill demanded by bailout lenders from the rest of the eurozone.
The voting session took place after a 10-hour debate. The reforms follow months of pressure from Greece’s lenders from the EC, ECB, ESM and IMF for a solution to the problem of non-performing loans. Other provisions in the bill include a new pay scale for civil servants.
The passing of the legislation was a condition for the release of the next loan installment of 1 billion euros ($1.1 billion).
You may be interested
Syros: Greek tradition & western influence come to a harmonious marriagePanos - Oct 20, 2017
Ermoúpoli (meaning “the city of Hermes”) is the island’s capital town and has been the first important trade and industrial…
Environment may have partially led to the fall of Queen Cleopatra, research suggestsPanos - Oct 20, 2017
Environmental records and historic documents suggest a volcanic eruption could have aided the Romans in victory According to a report…
Greek astronomer in Germany discovers spindle-like galaxiesPanos - Oct 20, 2017
Athanasia Tatsi is another Greek scientist at the forefront of global scientific research this time in the field of Astronomy.…