The Euro Summit agreement and the brutal austerity measures which accompany the bailout is taking its toll on the Syriza government and its Prime Minister Alexis Tsipras.
The Greek parliament just voted, in a 229 for and 64 against landslide, to implement the austerity Europe demands to grant Greece the funds for Bailout #3 so that Greece can then repay European creditors (as opposed to facing up to the pain imminently and suffering through a Grexit) implicitly giving up their sovereignty and sending their 61% “Oxi” voting citizenry into what will inevitably be an even deeper economic depression.
More to the point, with 38 defections, Syriza has now officially lost its majority and a cabinet reshuffle is imminent as the drama goes on.
A majority of 229 Greek lawmakers voted in favor of bill which includes prior actions demanded by creditors for a bailout agreement that the govt has applied for, Parliament Speaker says.
64 lawmakers voted against bill, 6 abstained, in Greece’s 300-seat chamber
Bill titled “urgent measures for the negotiation and signing of an agreement with the European Stability Mechanism”
38 lawmakers of governing Syriza party, including former finance minister Yanis Varoufakis, former deputy Finance Minister Nadia Valavani, and Energy Minister Panagiotis Lafazanis didn’t support bill
Out of 149 Syriza MPs, 32 voted against bill, 6 abstained, 1 didn’t show up.
— Maxime Sbaihi (@MxSba) July 15, 2015
— Ludwig W (@LudWitt) July 15, 2015