Friday, August 14, 2015

Greek PM faces biggest party revolt yet as bailout approved

Greek Prime Minister Tsipras and Economy Minister Stathakis attend a parliamentary session in AthensGreek Prime Minister Alexis Tsipras faced the widest rebellion yet from his leftist lawmakers as parliament approved a new bailout program on Friday, forcing him to consider a confidence vote that could pave the way for early elections. "I do not regret my decision to compromise," Tsipras said as he defended the bailout from euro zone and International Monetary Fund creditors that comes at the price of tax hikes, spending cuts and tough economic reforms. It also left the government with support from within its own coalition below the threshold of 120 votes in the 300-seat chamber, the minimum needed to command a majority and survive a confidence vote if others abstain.


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