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Greek Parliament Approves Austerity Bill Demanded By Bailout Creditors

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| July 16 , 2015 , 05:01 IST
[caption id="attachment_82721" align="aligncenter" width="700"]Greece's Prime Minister Alexis Tsipras delivers a speech during a parliament meeting in Athens, Thursday, July 16, 2015. Greece's Parliament has approved an austerity bill demanded by bailout creditors, despite a significant level of dissent from the governing leftist Syriza party. The bill to impose sweeping tax hikes and spending cuts was approved with the support of three pro-European opposition parties. (AP Photo/Thanassis Stavrakis) Greece's Prime Minister Alexis Tsipras delivers a speech during a parliament meeting in Athens, Thursday, July 16, 2015. Greece's Parliament has approved an austerity bill demanded by bailout creditors, despite a significant level of dissent from the governing leftist Syriza party. The bill to impose sweeping tax hikes and spending cuts was approved with the support of three pro-European opposition parties. (AP Photo/Thanassis Stavrakis)[/caption] Greece's Parliament has approved an austerity bill demanded by bailout creditors, despite a significant level of dissent from the governing leftist Syriza party. The bill to impose sweeping tax hikes and spending cuts was approved with the support of three pro-European opposition parties. Several prominent members of Prime Minister Alexis Tsipras' ruling party voted against his recommendation, including Energy Minister Panagiotis Lafazanis and former finance minister Yanis Varoufakis. Eurozone rescue lenders demanded the fresh round of cuts in a deal reached this week to place Greece in a new bailout program. Dissenters argued that Greeks could not face any more cuts after six years of recession that saw a sharp rise in poverty and unemployment. Former Greek Finance Minister Yanis Varoufakis has voted against the government in a critical austerity bill vote. Varoufakis, who was replaced earlier this month, led negotiations with bailout creditors for months after Greece's left-wing was formed in late January. But he has recently criticized Prime Minister Alexis Tsipras over a draft agreement reached this week for a massive new international rescue deal.

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