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Agencies
14 August, 2015, 13:17
Update: 14 August, 2015, 13:17
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Greek PM appeals to lawmakers to back bailout

Agencies
14 August, 2015, 13:17
Update: 14 August, 2015, 13:17
Greek Prime Minister Alexis Tsipras delivers his speech at the end of a night parliamentary session in Athens, Greece, on 14 August 2015. Photo: Reuters

Athens: Greek Prime Minister Alexis Tsipras urged lawmakers to approve an 85-billion-euro bailout agreement with creditors on Friday, calling it a ‘necessary choice’ for the nation.

Addressing parliament before lawmakers vote on the deal, Tsipras said Finance Minister Euclid Tsakalotos faced a battle at a meeting of euro zone finance ministers later on Friday to avert the threat of a bridge loan - which he called a return to a ‘crisis without end’ - being offered to Greece instead of bailout aid.

Greek lawmakers are continuing a debate in parliament to approve the new deal after repeated delays over procedure and dissent within the governing left-wing Syriza party caused the session to last through the night.

The draft deal was to be voted at about 5:30am GMT Friday — hours before finance ministers from the eurozone were to meet in Brussels to study the agreement.

Tsipras will have to rely on support from opposition parties to gain approval for the measures that add to sweeping new austerity measures demanded for the new three-year program.

Revolt could trigger early election

Dissenters in his own party angrily challenged the government, accusing it of reneging on promises it made before winning elections last January.

‘I feel ashamed for you. We no longer have a democracy ... but a eurozone dictatorship,’ prominent party member Panagiotis Lafazanis said ahead of the vote.

The revolt by dissenters who back returning to a national currency could trigger early elections — a risk that will be gauged by the level of dissent in the Friday vote.

Tsipras’ radical left party won elections in January on promises to repeal similar budget austerity imposed in return for Greece’s two previous bailouts. His about-face, agreeing this week to tough terms with creditor negotiators from the European Central Bank, European Commission and International Monetary Fund, has led to outrage among hardliners that now threatens to split the party.

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