Second vote is passed
The Greek Parliament has voted for the bill necessary to secure a further bail-out from the EU and IMF. The vote, which was passed by 155 votes to 136, will enable Greece to receive the latest tranche of bail-out money. There have been some concessions on tax, leading the opposition New Democracy party to support the chapters of the bill relating to privatisation and spending cuts.
Had the legislation not been passed, Greece would have defaulted on 15 July. Although the streets of Athens were calmer today, there are still grave concerns about whether the austerity measures can be implemented in the face of so much public hostility.