Greece crisis: MPs pass crucial bailout reforms

[Eugene]

Source: BBC

10 minutes ago Europe

Greece has taken a crucial step towards a bailout after its parliament passed a crucial second set of reforms.

The passage of the measures means that negotiations on a €86bn European Union bailout can begin.

The reforms include changes to Greek banking and an overhaul of the judiciary system.

Thousands demonstrated outside of parliament as the bill was debated, with protests briefly turning violent as petrol bombs were thrown at police.

There had been fears of a rebellion by MPs but Greek Prime Minister Alexis Tsipras was easily able to must the support required. In total, the measures received 230 votes in favour and 63 against with five abstentions.

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Read more: http://www.bbc.com/news/world-europe-33631751

[Hydra]

1. Well let's see how bad this gets n/t

[darkangel218]

2. Greece should just leave the Eurozone

Best for everyone.

[Igel]

3. "Judiciary reforms." Been wondering what they could be.

So some of the measures passed included

a code of civil protection aimed at speeding up court cases
the adoption of an EU directive to bolster banks and protect savers' deposits of less than €100,000
the introduction of rules that would see bank shareholders and creditors - not taxpayers - cover costs of a failed bank