Greek Parliament approved early on Thursday the first set of prior actions demanded by the country’s lenders but almost 40 SYRIZA MPs failed to support the measures, leaving Prime Minister Alexis Tsipras teetering but probably with enough backing to survive for the time being.
Prime Minister Alexis Tsipras has made it clear that he believes the agreement reached with lenders in Brussels on Monday morning is a “bad deal” for Greece that his government “does not believe in” but that the country has no option but to accept it.
After his marathon in Brussels, Greek Prime Minister Alexis Tsipras now has a series of short sprints to run in Athens as he tries to swiftly pass the legislation demanded by lenders, while ensuring that his government can continue functioning.
After two days of intense discussion in Brussels, which resulted in Greece being offered strict terms for a third bailout, attention will now shift to Athens and whether Prime Minister Alexis Tsipras can convince his sceptical party and coalition partner to support the agreement.
Prime Minister Alexis Tsipras received the broad backing from MPs he wanted for the proposals he submitted to lenders during a vote in Parliament early on Saturday but was left with a conundrum to solve after his own coalition lawmakers failed to support it in the necessary numbers.
The Greek government submitted to Parliament late on Thursday a set of proposals aimed at establishing prior actions that will form the basis of an agreement with lenders.
Prime Minister Alexis Tsipras is due to chair a cabinet meeting on Thursday before his government sends a proposal to lenders detailing around 12 billion euros of measures that it hopes will seal an agreement that will probably be worth more than 65 billion euros.
Prime Minister Alexis Tsipras insisted in the European Parliament on Wednesday that he has no plan to take Greece out of the euro and that his government will submit reform proposals to lenders by Thursday.
Greece's European lenders told Prime Minister Alexis Tsipras on Tuesday that he has just a few days left to keep his country in the eurozone.
Greece goes into Tuesday’s pivotal Eurogroup and eurozone leaders’ summit with a new finance minister and an emboldened prime minister but with a mountain to climb in order to convince other member states to work on a third bailout that would prevent Greece from exiting the single currency.